In CNBC’s “Brother versus Brother” segment to discuss stocks, Fast Money Traders, Pete Najarian and Jon Najarian, debated on the Netflix, Inc (NASDAQ:NFLX), world’s famous streaming media company’s stock. Jon being the Bull in favor of Netflix, seemed quite optimistic about Netflix, Inc (NASDAQ:NFLX)’s market trends and touted that the company’s revenue is bulging in the recent past and it’s not just the domestic canvas, its growing in the international market as well and according to an estimate, by the year 2018, there will be more than 100 million international subscriptions for Netflix, clearly an indicator of the company’s penetration outside the US and Europe.
“Take a look at the revenue growth, Pete, it’s astounding, the revenue growth, and that’s not just domestic anymore because part of the big story here is the international growth, for Netflix, domestic may be growing to 7% to 8% but International… Pete, it’s in double digits and getting stronger,” claimed Jon Najarian.
According to Jon Najarian, we’ll have to admit that Netflix, Inc (NASDAQ:NFLX) has hit after hit, especially after the Kevin Spacey’s story of becoming the first internet TV series star after the famous House of Cards season got hosted on Netflix.
Pete Najarian on the other hand wasn’t much positive about Netflix stock. He said that Netflix, Inc (NASDAQ:NFLX), guys are always late to the show and same happened in the first quarter of 2014. Pete thinks that jumping the buying decisions with stock at mere 52-week highs is the mistakes at Netflix’s end.
Pete Najarian claimed that the real aspect that will be damaging the margins for Netflix is the paid content. He thinks that the acquisitions made by Netflix, Inc (NASDAQ:NFLX), are getting expensive day by day and they are not paying off as it was expected. He thinks that the mode is good but the rising tough competition is not letting the investors to have a favorable ground to consider Netflix as a good option.
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