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Over the course of the past decade or so, Netflix (NASDAQ:NFLX) has completely changed the way in which millions of people consume video content and revolutionized the entertainment industry. The company has grown rapidly as well but it should be noted that Netflix is still a fairly new company and it would be interesting ponder where it will stand in 2030.
Positive Factors
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If a company is to grow, certain external factors have to be in its favor as well and that is the case with Netflix. The growth in internet access worldwide is one of the biggest factors that could propel the company to greater heights in the years to come.
According to research from CISCO Systems, the number of people with internet access will grow by as much as 1.4 billion from 2018 up until 2023. The total internet using population worldwide has projected to hit 5.3 billion
Moreover, the higher number of connected devices and greater mobile connectivity are also additional factors that could provide Netflix with the necessary boost to grow its business considerably.
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Subscriber Growth and Profits
The company has grown its subscriber base to 195 million from 20 million over the last 10 years. In the past years, the yearly subscriber growth rate has been pegged at around 20%. That being said, it is also true that subscriber growth will slow down eventually.
Mark Mahaney, who is an analyst at RBC Capital, has stated that by 2030 Netflix could have 475 million to 525 million subscribers. That reflects a 10% growth per year from the midpoint. However, it is necessary to note that even if Netflix does not raise prices it could still generate substantial yearly growth with that subscriber base.
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Due to the billions of dollars that Netflix spends on fresh content every year, the company’s margin with regards to operating profits has remained modest. It is in the mid-single-digit. The company wants to boost it to 16% by 2020 and continue to improve it going forwards.
Analysts estimate that the company’s earnings per share are going to rise in excess of 40% over the course of the next half a decade. Amidst all this, it is also important to remember that the streaming space has now become competitive.
Despite the presence of Disney Plus, Netflix managed to generate subscriber growth in the second quarter. Other services are there too. However, Netflix’s original content and rapidly growing international presence give it a definite edge over its competitors.
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