.July 30, 2024 Tuesday 06:35 AM

Netflix’s stock price has surged by 33.82% this year, surpassing the Zacks Consumer Discretionary sector. The company’s success is attributed to its original content, international expansion, and forays into gaming. Netflix is expected to experience robust revenue growth and earnings increase in 2024, despite competition in the streaming market. The company’s focus on global content production and strategic initiatives like gaming have been crucial to its growth. Investors should consider Netflix’s premium valuation and competitive landscape in the streaming industry when evaluating its investment potential.