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Netflix Will See Meaningful Increment In Revenue Even If It Grabs A Fraction Of The Video Game Market, Says Analyst
Cathie Wood-led Ark Investment Management believes
Netflix Inc (NASDAQ:NFLX) could add a meaningful topline from video gaming if the streaming giant gets the execution right and manages to secure even a fraction of the pie in the highly-sought-after category.
What Happened: Compared to the 3 billion video gamers worldwide, Netflix has only 207 million users, Ark analyst Nick Grous noted. The global video games category churned about $175 billion in revenues in 2020, much more than the music, television, and film industries combined.
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