3 Reasons Why Netflix Remains the Dominant Streamer

Sean Burch
·1-min read

Netflix asked Wall Street, “Are you still watching?” on Tuesday, and the reply was a resounding “yes,” with the streaming giant’s stock price rocketing 12% higher after posting a strong fourth quarter report that included passing 200 million subscribers worldwide. If you don’t feel like shuffling through Netflix’s investor relations page, here are three key takeaways you should know about its Q4 performance: 1. Subscriber Growth Bounces Back Netflix was coming off a rare flop heading into Tuesday, after the company added 2.2 million new subscribers during the third quarter — which even missed Netflix’s conservative projection for the quarter. That trend didn’t continue during the fourth quarter, though, with Netflix adding another 8.5 million new customers. That not only helped Netflix easily eclipse the 6 million subscribers both the company and analysts had projected, but also pushed Netflix well past the 200 million subscriber threshold. With 203.6 million subscribers overall, Netflix became the first streaming company to cross that barrier and reinforced its position at the top of the streaming food chain. Maybe it wasn’t a necessary reminder, but it certainly doesn’t hurt, either, as the streaming industry gets more and more competitive. Last month, Disney+ reported it hit...

Read original story 3 Reasons Why Netflix Remains the Dominant Streamer At TheWrap