Netflix Thinks It Can Reach a Trillion-Dollar Market Cap by 2030. Here's What the Math Says.
The world is Netflix's (NASDAQ: NFLX) oyster. That is what it has felt like over the past few years as the company has sucked all the oxygen out of the video streaming market.Its global presence and huge catalog of content give it a competitive advantage over streaming rivals, which is why viewers flock to the service. Revenue continues to march higher, while profits are soaring.Management does not think the growth party is over just yet. According to reporting from The Wall Street Journal, Netflix is aiming to reach a market cap of $1 trillion by 2030, which would be around double its current level at $500 billion. Here's the math behind the analysis and whether the company can hit these targets by the end of the decade. Continue reading
The world is Netflix's (NASDAQ: NFLX) oyster. That is what it has felt like over the past few years as the company has sucked all the oxygen out of the video streaming market.
Its global presence and huge catalog of content give it a competitive advantage over streaming rivals, which is why viewers flock to the service. Revenue continues to march higher, while profits are soaring.
Management does not think the growth party is over just yet. According to reporting from The Wall Street Journal, Netflix is aiming to reach a market cap of $1 trillion by 2030, which would be around double its current level at $500 billion. Here's the math behind the analysis and whether the company can hit these targets by the end of the decade.
