You can’t spell FAANG without the “N” in Netflix, and the streaming service’s stock has outperformed nearly every other name in the acronym (except Amazon) over the past three years, rising 200%. There are plenty of indications that success will continue, with analysts predicting 25% annual revenue growth over the next few years. While it’s facing more pressure from traditional entertainment providers that are developing their own channels—Disney will launch a streaming service in 2019, for example—Netflix has made big strides in growth abroad. Over the past year, while domestic memberships jumped 11%, subscriber ranks internationally grew 40%, and international revenues now roughly equal those generated by Netflix’s domestic streaming viewership.
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The stocks of the five tech giants are down between 20% and 39% from their record highs.
As stock market volatility and interest rates rise, these stocks should too.
Hint: cord cutting is at record levels.
The temple claims Netflix used its copyrighted design in the series.