Netflix has not only claimed victory in the streaming wars but has also transformed a possible crisis into a strong financial comeback, generating billions annually.
After facing subscriber losses and stock decline in 2022, Netflix quickly adjusted its strategy by adding advertising and tightening account sharing, thus reversing its fortunes.
While once deemed vulnerable, Netflix's competitors have struggled to achieve profitability, forcing them to sell their content to Netflix, inadvertently increasing its market strength.
Netflix's pivot to profitability amidst growing competition reveals a shift in streaming expectations where financial viability is as crucial as subscriber growth.
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