5 Reasons Why Netflix, Inc. Management Is So Confident About the Future

Last week, Netflix (NASDAQ: NFLX) reported another quarter of stellar growth. The company grew its streaming subscriber base by more than 5 million during Q3. Its domestic contribution margin remained very strong, while its international business posted a quarterly profit for just the second time in Netflix's history.

Not surprisingly, Netflix's management team was thrilled with this performance. During the quarterly earnings interview that followed the earnings release, Netflix executives pointed to several reasons why the streaming video pioneer still has a long runway for growth.

[I]f you look at the long-term trend in our business, we've grown the content budget, we've grown the content library and made it better, but revenues have grown faster, which is what's driven the profit improvement and the margin improvement over the years.
-- VP of Investor Relations Spencer Wang

Source: Fool.com