Can Netflix Be a $1 Trillion Company by 2030?
Streaming powerhouse Netflix (NASDAQ: NFLX) is a $466 billion company, which means it would need to more than double to achieve a $1 trillion valuation. According to co-CEO Ted Sarandos, that's the company's internal goal. That indicates a ton of upside from today's stock price, and Sarandos noted that the goal is to achieve this valuation by 2030.A doubling in under five years is an excellent stock performance. But is it realistic? After all, Netflix is the globe's most popular streaming service. How much more can it grow its subscription base?Netflix isn't just throwing out random valuation numbers that it wants to achieve. It believes it has a path to double its revenue by 2030, which would support its valuation thesis.Continue reading
Streaming powerhouse Netflix (NASDAQ: NFLX) is a $466 billion company, which means it would need to more than double to achieve a $1 trillion valuation. According to co-CEO Ted Sarandos, that's the company's internal goal. That indicates a ton of upside from today's stock price, and Sarandos noted that the goal is to achieve this valuation by 2030.
A doubling in under five years is an excellent stock performance. But is it realistic? After all, Netflix is the globe's most popular streaming service. How much more can it grow its subscription base?
Netflix isn't just throwing out random valuation numbers that it wants to achieve. It believes it has a path to double its revenue by 2030, which would support its valuation thesis.
