And the globalization of online streaming is helping Netflix to accelerate its growth rate over the last five years. Indeed Statista estimates that the global online streaming market will grow from $19.6B to $23.9B between 2018 and 20223. As unit revenue growth exceeds unit cost growth. Netflix shares are not cheap -- but its net income has grown at a 100% annual rate over the last five years and its P/E is 102. Given its accelerating growth, Netflix is likely to beat expectations in future quarters.

Source: Forbes October 31, 2018 15:18 UTC