Can Netflix Reach 1 Billion Subscribers?
Netflix (NASDAQ: NFLX) just reported third-quarter financial results, and the highlight, unsurprisingly, was the addition of 4.4 million new members. The leader in streaming entertainment now has more than 213 million subscribers worldwide, and management expects to add 8.5 million customers in the fourth quarter.
While the growth has certainly slowed following a pandemic surge in 2020, the business still has an ample opportunity overseas. Attracting eyeballs by continuing to create compelling content will be the strategy. Shareholders are probably wondering just how big Netflix can get.
Can the streaming pioneer one day reach 1 billion subscribers?
Source Fool.com
