Brazil Shows Why Netflix Will Succeed Internationally
Streaming pioneer Netflix, Inc. (NASDAQ: NFLX) has been among the market's best performers so far this year, increasing 46%. In its most recent quarter, the company smashed expectations, adding 5.2 million new subscribers, far exceeding the 3.2 million in its own forecast. This was led by more than 4 million new international members, exceeding domestic subs for the first time.
Slowing growth in its domestic market has some investors wondering whether Netflix can continue its torrid growth, and there are doubts the company can reproduce its domestic penetration on the global stage. However, a closer look at a couple of the company's earliest international markets may provide insight.
Netflix has achieved phenomenal results in Brazil. Image source: Getty Images.
Source: Fool.com
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