Netflix (NFLX) shares are showing the best results today among the four blue-chip stocks of FAANG (Facebook, Amazon, Apple, Netflix, and Google), and the growth significantly exceeds the overall US stock market.
On Thursday, Netflix shares hit a historic price high of $610.34, up 7.23% over the past month and 14.4% over the last quarter.
The success of new products on the Netflix platform
The most incredible wealth of Netflix is its original films and TV series; the success of the latest novelties proves that the growth of subscribers and video viewing time is ahead.
This week, Netflix executives announced the sensational success of the Korean drama series “Squid Game,” launched in October.
“The Squid Game” has already broken the records of previous Netflix series such as Lupine and Money Heist and is now considered the most popular foreign Netflix series.
Netflix is even suing the South Korean Internet provider SK Broadband today, which requires the company to pay for using the network.
According to SK, Netflix traffic processed by SK has grown 24-fold since May 2018 to 1.2 trillion bits of data processed per second as of September, thanks to the success of several Netflix products from Korea, including “squid Game” and “DP.”
Another asset in the Netflix piggy bank
Last week, the company announced the acquisition of the company that owns the rights to the works of Roald Dahl, author of “Charlie and the Chocolate Factory,” “Matilda,” and “James and the Giant Peach.”
It is a great asset for growth, as it gives Netflix the right to create content based on famous works. The company said it is already developing a new series based on “Charlie and the Chocolate Factory” and a remake of “Matilda: The Musical.”
Netflix’s Expansion into the Streaming Video Game Industry
On Tuesday, September 28, Netflix announced the acquisition of game developer Night School Studio but did not disclose details of the deal.
Market analysts and investors were enthusiastic about the news, given the high demand for streaming video games in the modern world.
Adding a video game library to the Netflix platform will allow the company to better compete with streaming video services from Amazon (AMZN), Apple (AAPL), and Disney (DIS) and potentially create better revenue diversification.
In addition, a vast number of users watch Netflix content via mobile devices.
Netflix announced plans to launch video games back in July during its quarterly report but has since not specified a timeline for when it will launch the service in the US.
