Those who deal in stock have their eyes glued on Netflix, Inc (NASDAQ:NFLX) as it is likely to keep growing in the times to come. Let us see some reasons that cement its position as a top stock.
Increasing subscriber list – Netflix, Inc (NASDAQ:NFLX) has had a change in its working model. Rather than choosing to continuously stack the movies on disk, they have now started to invest in original content which is owned exclusively by Netflix, Inc (NASDAQ:NFLX) . Over a period of time, when they have expanded their library enough, they will cut down on the amount of new content which is produced and thereby curtail the cost as well. Members will have a blend of new and old series to watch. The library that Netflix has will keep on growing. Netflix aims to spend $6 billion merely on content every year.
Initially, when the company began producing series, they licensed the content rather than owning it. For instance, House Of Cards is owned by Media Rights Capital, DareDevil is owned by Walt Disney Co (NYSE:DIS) and so on. It was since 2015 that Netflix, Inc (NASDAQ:NFLX) started creating content which it wanted to keep.
Those who are not sure if Netflix, Inc (NASDAQ:NFLX)is headed on the right path should check out the subscriber count. The subscriber count has been increasing steadily by over 20% in each of the past eight quarters. The financial results too have been impressive as the revenue grew up to $2.78 billion. A lot of stock investors are definitely considering buying Netflix and we believe you should too.