Netflix (NFLX - Free Report) recently announced that it has hired Rachel Whetstone as its new Chief Communications Officer. Whetstone, who replaced Jonathan Friedland, is currently a Facebook executive and is expected to join the streaming giant from November this year.
Whetstone’s previous engagements with Alphabet’s (GOOGL - Free Report) Google and Uber indicate the kind of experience she will bring to the table for Netflix, particularly at a time when the streaming giant is increasing its efforts to expand user base by investing heavily on original content.
We believe Whetstone’s exposure to both domestic and international markets is expected to boost Netflix’s presence, especially in the international markets.
International Expansion – A Tailwind
Netflix’s strengthening international content portfolio has been the key growth driver in recent times. The diverse content portfolio is what makes the platform so attractive to users.
Notably, in the last reported quarter, the company added 4.47 million international subscribers, up 39.8% year over year.
The company has been progressing really well in India, South Korea and Philippines among others.
The online video market in India is anticipated to touch $2.4 billion by 2023, per research firm Media Partners Asia. Netflix is increasingly investing in original content in regional programming to cash in on the huge user base.
Moreover, Netflix’s back-to-back commissioning of original content in South Korea is helping the company solidify its footprint. Furthermore, the company’s push into the Philippine market will help the company expand original content portfolio and improve penetration in international markets thereby driving top line.
Netflix, Inc. Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Netflix (NFLX - Free Report) recently announced that it has hired Rachel Whetstone as its new Chief Communications Officer. Whetstone, who replaced Jonathan Friedland, is currently a Facebook executive and is expected to join the streaming giant from November this year.
Whetstone’s previous engagements with Alphabet’s (GOOGL - Free Report) Google and Uber indicate the kind of experience she will bring to the table for Netflix, particularly at a time when the streaming giant is increasing its efforts to expand user base by investing heavily on original content.
We believe Whetstone’s exposure to both domestic and international markets is expected to boost Netflix’s presence, especially in the international markets.
International Expansion – A Tailwind
Netflix’s strengthening international content portfolio has been the key growth driver in recent times. The diverse content portfolio is what makes the platform so attractive to users.
Notably, in the last reported quarter, the company added 4.47 million international subscribers, up 39.8% year over year.
The company has been progressing really well in India, South Korea and Philippines among others.
The online video market in India is anticipated to touch $2.4 billion by 2023, per research firm Media Partners Asia. Netflix is increasingly investing in original content in regional programming to cash in on the huge user base.
Moreover, Netflix’s back-to-back commissioning of original content in South Korea is helping the company solidify its footprint. Furthermore, the company’s push into the Philippine market will help the company expand original content portfolio and improve penetration in international markets thereby driving top line.
Netflix, Inc. Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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