Netflix was amongst those companies which made the most out of the coronavirus pandemic. This firm saw a huge rise in the number of its subscribers because there was the imposition of lockdowns and curfews around the world. It not only led to the shutdown of all the cinema halls and theatres but also made the public sit and work from home. This led to an increase in the popularity of online entertainment platforms.

The production houses had to resort to these online platforms for the release of the films that were scheduled for a release at that time. With all the films and shows being released on the web, more and more people subscribed to these platforms thereby giving a major boost to this industry. Netflix, being the most popular amongst all the online entertainment platforms made a huge profit during this time.

Netflix Inc. (NASDAQ: NFLX): Earnings Report

In the final quarter of 2020, the subscribers of the firm increased wholesomely as there was an addition of 8.51 million subscribers. The last quarter earnings in terms of sales were $6.64 billion (an increase of 22% as compared to the year 2019) and the income per share came out to be $1.19 (8% downfall in the earnings as compared to the year 2019).

Even if the last quarter was not very well in terms of earnings, the company expects to earn better in the upcoming quarter. Netflix has a very good lot of shows and movies which attract more and more subscribers. These shows are a major reason that Netflix will not show signs of going down at least for a few more years to come.

Netflix Inc. (NASDAQ: NFLX): Latest Statistics and Figures

  • 52 week Range: $290.25 – $593.29
  • Average Volume: 4,980,880
  • Market Capital: $243.942B
  • Forward Dividend and Yield: N/A (N/A)

The major competitors of this firm are Disney+ and Amazon Prime which also grew a lot during the coronavirus pandemic and simultaneously gave a tough competition to Netflix. Netflix however, managed to grow well because of the quality of its content.

Right Time to Make an Investment in the Netflix Stock

When it comes to choosing stock for long-term investment, the investors can rely on the Netflix stock for sure. The subscribers are increasing and the firm is making good profits. The company is overall a well-suited choice for investment and there are few chances that there will be many losses that the firm would have to suffer.

The pandemic somehow served to be a boon for the company as it profited a lot from the same. We can expect better content to come ahead and with better content, more subscribers and higher-income would come along with. The stock’s price might be an issue for some investors but in the case of a stock where there is a very high probability of getting a profit, a hefty investment is a good choice.

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