The streaming giant reigns supreme.
Netflix is the juggernaut that just won't quit, as the company has recently revealed that their shares have risen to an all-time high following a particularly fruitful first quarter.
Shares for the streaming service rose 9.2% on Tuesday, closing in on $336.06 per share. Netflix was able to secure 7.4 million new accounts throughout the first three months of the fiscal year, bringing their worldwide membership cume to over 125 million. The company has a market capitalization of nearly $146 billion, making them almost as valuable as Walt Disney Co. and Comcast.
Netflix's CEO Reed Hastings discussed these results in a recent Q&A session, noting how "we have big plans for content growth, and you should expect that to continue."
Things seem to only be getting bigger and more all-encompassing for the streaming service that continues to deliver a veritable grab bag of content for a diverse roster of clients.