The streaming industry has grown exponentially over the past decade with its position fixed as a cornerstone of modern entertainment. Revenue in the global market is projected to reach $108.50bn in 2024, with further growth expected in the years to come.
For investors around the world, this sector presents a lucrative opportunity to capitalise on global market growth and consumer trends. Here are six of the most popular streaming platform stocks on the market today.
Netflix (NFLX)
Netflix is a global leader in the streaming space, renowned for its original content and massive subscriber base. The platform’s ability to attract viewers with award-winning productions has solidified its position as a dominant player.
Its stocks trade on the NASDAQ, making them accessible to MENA investors and others around the globe via international brokerage and funded trading accounts. Keep an eye on their quarterly earnings reports, as subscriber growth is a key metric for the company’s valuation.
Walt Disney Co. (DIS)
Disney’s streaming arm, Disney+, has rapidly grown to rival Netflix. This acceleration has been supported by a treasure trove of beloved franchises such as Marvel, Star Wars and Pixar. Alongside this business, Disney’s diversified operations in theme parks and merchandise provide a balanced revenue stream.
DIS shares are listed on the NYSE, so you should be able to invest via a brokerage account offering access to the US market. Stock values have dropped over the last three to four years, so maybe now is the time to invest.
Amazon (AMZN)
Amazon’s Prime Video is just one part of its vast commercial ecosystem, but it remains a critical player in the streaming space. The company’s diversified revenue streams, from e-commerce to cloud computing, make it a relatively safe bet for long-term investors.
AMZN shares are listed on NASDAQ and can be accessed through international and US brokerage platforms. Fractional shares may be an option for those seeking smaller investments in this high-priced stock.
Roku (ROKU)
Roku specialises in streaming hardware and software, offering a platform for users to access multiple services. Unlike other providers, platform partnerships and advertising revenue make up a large chunk of its income.
Listed on NASDAQ, Roku is particularly appealing for investors seeking exposure to the broader streaming ecosystem. Due diligence on its advertising growth and device sales is essential before investing.
Alphabet Inc. (GOOG/GOOGL)
Alphabet, Google’s parent company, owns YouTube – the world’s most popular video streaming platform by viewership. Its ad revenue and subscription services make it a dominant force in the industry.
GOOG and GOOGL shares trade on the NASDAQ and are accessible via international brokerages for those in the MENA region. Alphabet offers long-term growth potential, bolstered by its AI and digital advertising innovations.
Spotify Technology (SPOT)
While Spotify focuses on music and podcasts, it stands out as the largest audio streaming platform in the world. Its freemium model drives user growth, while premium subscriptions provide steady revenue.
Listed on the NYSE, Spotify is a compelling investment for those interested in diversification within the sector. Its value continues to climb and has more than doubled in the last year (as of November 2024). Keep tabs on its subscriber numbers and margins when evaluating its stock.
These are some of the most popular video and music platforms in the world right now. Do your research and invest wisely.
