Netflix, Inc. (NASDAQ: NFLX), as shares traded relatively flat on Thursday, remains a prime beneficiary—and key driver—of linear TV’s disruption, with globally resonant content fueling a flywheel of subscriber growth, rising revenue, and expanding profit.
Centering this idea, JP Morgan analyst Doug Anmuth highlights that with more than 300 million subscribers, Netflix is holding a “strong leadership position” as streaming rationalizes and expects further gains from the spread of Internet-connected devices and consumers’ shift to on-demand viewing.
