This One Metric Explains Why Netflix Keeps Winning

There are some services people can hardly go without in our modern world. The list includes utilities. Even when internet companies raise their prices, few people choose to opt out of paying for Wi-Fi. Even fewer would cancel their water or electricity service unless they are switching to a different company to save money.

The entertainment business doesn't behave that way: People can go without cable and can skip the movies when things get tight. However, Netflix (NASDAQ: NFLX), which has established itself as a leading media company, is arguably one of the most "utility-like" businesses in its industry, and one metric proves it.

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Source Fool.com