From Nasdaq:

As U.S. consumers shift towards streaming, traditional cable TV faces obsolescence. The Motley Fool’s survey highlights Netflix with over 260 million global subscribers. Disney ranks second with 150 million on Disney+, 26 million on ESPN+, and 48.5 million on Hulu. Amazon follows with 200 million Prime subscribers and the recent $8.5 billion MGM acquisition.

The survey indicates that 62% of consumers feel there are too many streaming options, leading to over one-third reducing their services. Live sports and holiday programming remain popular, propelling Amazon and Disney’s NFL broadcasting rights to prominence. Nielsen data shows the NFL’s dominance, with 93 out of the top 100 most-watched TV programs in 2023 being NFL games.

Netflix, with its massive audience and attractive valuation, boasts a PEG ratio of 1.1, making it an appealing option for long-term investors. Moreover, the potential for expanding its content library and adding live sports could further solidify its market share. However, The Motley Fool highlights 10 other stocks that may offer considerable returns, with Netflix not making the cut.

In conclusion, the streaming industry is undergoing significant changes, making it critical for investors to understand factors like subscriber counts, consumer behavior, and future growth prospects when considering potential investments in streaming stocks.



Read more: Here Are the Top 3 Streaming Services by Subscriber Count. But Which Has the Best Stock to Buy Now?