We might all wish that we’d bought shares of Netflix (NASDAQ: NFLX) 10 years ago. As of July 25, this category-creating enterprise has seen its stock price skyrocket 978% in the last decade. Look even further back, and the returns are truly eye-popping.
Netflix deserves credit for completely upending the media industry. The company’s success probably puts it at the top of the list as a potential addition to long-term portfolios. But it’s important to gain a deeper understanding.
Here are three things you need to know about Netflix before you buy this top streaming stock.