In its 22 years as a publicly traded company, streaming giant Netflix (NASDAQ: NFLX) has delivered market-crushing returns and probably made many millionaires. However, it faces a very different competitive landscape than it did two decades ago. Further, it is now a much bigger company, which may limit its upside potential.

Despite these factors, Netflix remains an excellent long-term bet for investors, and the company once again demonstrated its potential during its latest quarterly update.

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Source Fool.com