Netflix’s stock hit an all-time-high this week as they managed to once again crush expectations, per THR. Now, this may seem like a no-brainer on the surface. Everybody watches Netflix, right? The next generation will likely be conceived as a direct result of “Netflix and chill.”
But just how big is Netflix, exactly? After all, there are tons of competitors these days, with Hulu and HBO Now seemingly crushing it, as well. Bernstein analyst Todd Juenger explains Netflix’s staggering success best:
To put [Netflix’s success] in context — even if Netflix falls short of third-quarter guidance, they will certainly bypass 12 million net adds first quarter through third quarter, meaning Netflix will have added more paying subscribers in the first nine months of 2017 (at a higher average revenue per user) than Hulu has in its entire seven-plus year existence. Also, Netflix added about the same number of subs in the second quarter as the OTT services of HBO, Showtime, Starz, and CBS All Access have accumulated in their lifetimes.
Netflix isn’t just the most popular streaming app—it absolutely obliterates the competition. More people have joined Netflix in the past nine months than Hulu in the past seven years. That’s domination, boys and girls, and Netflix shows no signs of slowing down. Even if Friends From College sort of sucked.