Where Will Netflix Stock Be in 3 Years?

Netflix (NASDAQ: NFLX) has been one of the biggest surprises on the stock market in recent years after investors had written off the stock in 2022 following two straight quarters of subscriber losses.

However, since then, the company has revamped its business, and it's delivered enormous returns, as the stock is up more than 400% since it bottomed out in 2022. Netflix has added an advertising tier, which has been eagerly embraced by both subscribers and advertisers. It cracked down on password sharing through its paid sharing program, giving account sharers the option of paying extra to add a new member to their account. And the company moved beyond its traditional content by experimenting with live sports and mobile games.

Netflix stock recently topped $1,000 per share for the first time in its history, and its fourth-quarter earnings report shows how these strategies have borne fruit for the leading streamer. In the fourth quarter, the company added a record 18.9 million subscribers, driving revenue above $10 billion for the first time in a quarter. Even better, Netflix said that it added at least 4 million subscribers in each of its four regions, showing its growth is broad-based and that its content strategy is paying off.

Continue reading

Source Fool.com