Netflix is a great company that seems destined to continue as such in the foreseeable future. They are adding customers consistently; they have lots of new, quality content; and lots of people seem to make time in their time to watch.
Netflix added 8.76 million new subscribers across the globe in the fourth quarter of 2019, exceeding all of the most optimistic predictions. Also, binge-watching was reported up during Q4, despite the belief that viewers were going to turn to the competition, Apple and Disney who have entered the streaming marketplace. People are still getting their binging needs met by Netflix. What’s to account for the loyalty of Netflix viewers? The great content, of course. Netflix’s third season of the acclaimed show “The Crown” experienced a 40% growth in viewership over the previous year’s second season. Another Netflix show, “The Witcher,” took away first place as the world’s most-watched TV show from “Mandalorian.”
But there are other than those easy-to-Grok reasons for investors to add Netflix to their portfolios, and you will probably never guess what those reasons are: the Wuhan coronavirus; global warming; and of course, Tesla. (Only because Tesla seems to be the answer to a lot of questions right now.)
Did I hear you say huh?
This is why one analyst thinks the Wuhan coronavirus will feed the binging behavior of viewers around the globe.
“Netflix inc. could find itself the unusual benefactor to an outbreak of a SARS-like virus in China if moviegoers in the region opt to break the tradition of going to theatres during the lunar new year and binge-watch Netflix instead.”
And what about climate change? As the weather gets hotter and rainier, people will most likely spend more time indoors. And when they are indoors, well, the TV is always calling. Binge!
You’ve probably already figured out how autonomous cars will help Netflix stock climb. You’ve guessed it! While your car is driving itself, you can relax and enjoy another episode of “You,” “Stranger Things,” or “Orange Is the New Black.” All I can say is: “Netflix for president!”