Key Facts About Netflix’s Growth
Netflix (NASDAQ: NFLX) currently has over 300 million subscribers and reported a 15.9% revenue growth for the second quarter ended June 30, along with an 86.9% increase in free cash flow. Its share price has seen a remarkable 150% increase over the past five years.
According to Nielsen, 8.8% of all U.S. TV viewing time in July was spent on Netflix, making it the second-largest streaming platform after YouTube. As it stands, Netflix’s P/E ratio is at 51.7, raising concerns about future growth momentum. Analysts predict that this ratio may decline by 2030, potentially impacting stock performance compared to the S&P 500.
