![]() It also has major projects coming down from A-list collaborators like Dwayne "The Rock" Johnson, Leonardo DiCaprio and Martin Scorsese.Īnd while past results are no indication of future performance, Netflix's first-mover advantage and entrenchment into culture over the past decade has put it in a strong position, according to Ives. Looking forward, Netflix has 35 nominations at Sunday's Academy Awards, including two films, "Mank" and "Trial of the Chicago 7," both nominated for Best Picture - a prize that has eluded the studio. Disney+, with its growing stable of high-budget TV shows based on Marvel properties, is the service's closest rival, adding nearly 95 million paying subscribers since its November 2019 launch. "Now, everyone is trying to play catch-up in a game that has changed the media ecosystem forever."ĭespite its success, Netflix is also entering perhaps its biggest period of uncertainty, with Disney+, HBO Max and the new Paramount Plus network jockeying for subscribers. ![]() "While traditional media companies had one toe in the water and a glass-half-empty view of streaming, Netflix grabbed the bull by the horns and ran with it," Wedbush Securities managing director Dan Ives tells CNBC Make It. Netflix, which since 2011 has relied on external financing to fund the billions of dollars it has spent building out its library with big-budget projects and deals, has said it expects to be cash-flow positive after 2021. Its growth has been fueled by the cord-cutting revolution, as well as by massive investments into its content library. ![]() But today, its $243.4 billion market cap is bigger than that of Twitter, Snap and Spotify combined. In 2011, Netflix had a market cap of $13.4 billion. It's nearly double Google parent Alphabet's 767% growth rate since 2011 and even outpaces Apple's 1,134% growth over the past decade, during which a $1,000 investment would have turned into $12,339. That's significantly more than the S&P 500, which grew 209% over the same period. The stock has grown nearly fifteenfold over the last 10 years.Ī $1,000 investment in Netflix on April 20, 2011, would be worth $15,252 as of Tuesday, a gain of 1,425%. If you invested in Netflix back in 2011, even a down quarter isn't enough to make a dent in the stock's overall upward trajectory over the years. The stock slid 7% at one point after Tuesday's earnings report. In its letter to shareholders, Netflix blamed coronavirus-related production delays for its "lighter content slate in the first half of this year," but said it expects to continue producing content as it invests $17 billion into its movies and shows this year.
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