Netflix's Stock Reaches New Heights, Company Worth More Than $130 Billion
2018 is proving to exist a very good year for Netflix as the streaming service giant crossed one more milestone. Based on Netflix's strong quarterly consequence, Netflix's stock has risen more than than 50% since the start of 2018. Yesterday, the company stock rose iii.7% and crossed the symbolic $300-per-share threshold as its shares closed at $301.05. With the rise, the company is at present valued over $130 billion dollars which is at present really shut to media giants like Disney ($155 billion) and Comcast ($169 billion).
If the company's stocks continue ascent as it has been in the past few months, it won't exist too long when Netflix crosses the likes of Disney, an entertainment giant which was formed near 9 decades ago. Co-ordinate to a report published on Diverseness, the new milestone came just after the company announced a partnership with Sky, under which it volition integrate the subscription VOD offering into Heaven'due south pay-TV service. Now Sky customers with high-cease Sky Q gear up-elevation box and service volition be able to see Netflix titles alongside their regular Sky channels.
One of the biggest reasons behind the success of Netflix is the company's focus on practiced quality original content which is not bachelor anywhere else. In fact, Earlier this calendar week, Netflix CFO David Wells reiterated the company'due south opinion on original content in a meeting with investors where he told investors that the company would continue to invest heavily in content creation. He farther said that the company aims to produce 700 original telly-series worldwide before the end of 2018.
Netflix ended 2017 with stiff figures of 117.6 one thousand thousand streaming members worldwide and the company is positive that information technology will continue to add more members in 2018. If the company continues its growth pattern in all the markets, I don't think that it will exist difficult for Netflix to achieve its targets.
Source: https://beebom.com/netflix-worth-130-billion/
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