Netflix Gave a Positive Answer to The Question "Is it Still Being Watched".

  Netflix Gave a Positive Answer to The Question "Is it Still Being Watched". The streaming-entertainment innovator has built a core competency in creating great content. Netflix NFLX (NASDAQ) $688,29 0,00 (%0,00) is still the best content finder. After its first original series, House of Cards, aired in 2013, the Los Gatos-based company has grown into a major hit series and film producer. As a result, the business has more than 213 million customers today. Although it has many rivals shareholders should not worry yet and know that Netflix is ​​still at the top of its game.

Hollywood has to be reckoned with.

The overwhelming success of Netflix's shows and movies has never been more evident than in the most recent quarter.

Netflix Gave a Positive Answer to The Question "Is it Still Being Watched".

It should not be forgotten that he has achieved great success in the world recently with TV series such as Squid Game, The Queen's Gambit and Lupin. CFO Spence Neumann announced on its third-quarter earnings call that they "produce in approximately 45 countries worldwide and will increase that number to 50 next year."

Competing for attention

Netflix co-founder and CEO, Reed Hastings, said it competed with a wide variety of activities, saying that when social media giant Facebook, including its main app Instagram and WhatsApp, crashed for a while, Netflix saw an immediate 14% increase in viewer engagement. Concerns about growing competition in the space from a number of streaming services aren't scaring Netflix's leadership team. (like Alphabet's YouTube, Walt Disney's Hulu) But it is remarkable to see that the Company continues to hold its position as one of the best places to go for casual entertainment. Investors should buy Netflix stock and calm down.  

Source: The Motley Fool

 

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