Netflix could have 500 million subscribers by 2030

Netflix is huge, but it can be bigger -- analysts expect 475 million to 525 million users by 2030 -- which is most internet users.

@anthony256
Published Wed, Sep 2 2020 8:29 PM CDT

With millions upon millions of people stuck at home right now, it should come as no surprise that streaming giant Netflix is expected to house over 500 million subscribers by 2030.

Netflix could have 500 million subscribers by 2030 01 | TweakTown.com

According to new projections from RBC analyst Mark Mahaney, who raised his price target by 15% up to $610 a share -- based on his expectations that Netflix will have a massive increase in subscribers in the next 10 years leading up to 2030.

Mahaney explained that Netflix "has achieved a level of sustainable scale, growth, and profitability that isn't currently reflected in its stock price". He added: "We also view Netflix as one of the best derivatives off the strong growth in online video viewing and in internet-connected devices".

"We view the steady expansion in U.S. contribution margins as demonstrating the company's profitability, with its fixed-cost content nature and historically declining churn rates suggesting further margin expansions".

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NEWS SOURCES:thestreet.com, tvrev.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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