Netflix Is Still Thriving, Just as Management Predicted
During the months that preceded the launch of two much-hyped streaming platforms, Walt Disney's (NYSE: DIS) Disney+ and Apple's Apple TV+, many pundits declared the imminent fall from grace of the current top streaming services providers, namely Netflix (NASDAQ: NFLX). These new streaming services -- particularly Disney+ and its lineup of blockbuster movies and TV shows loaded with A-list celebrities -- threatened to lure viewers away from Netflix. However, Netflix itself didn't seem to be particularly worried. In its third-quarter letter to shareholders, Netflix's management had the following to stay about the increasingly stiff competition in the streaming services industry:
The launch of these new services will be noisy. There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance. In the long-term, though, we expect we'll continue to grow nicely given the strength of our service and the large market opportunity.
As if to back up this claim, Netflix recently released some data showing that its platform is making some serious strides in international markets.
Source Fool.com
