If you invested $1,000 in Netflix in 2007, it would be worth $110,000 today
All eyes are on video-streaming giant Netflix, which faces new competition from Disney's highly anticipated streaming platform, Disney+, as it reported its first-quarter earnings Tuesday.
Its stock fell more than 1% in after-hours trading, after closing with a share price around $360.
Still, investing in early 2007, when Netflix first began streaming, would have proved to be a good bet. A $1,000 investment made on Jan. 15, 2007, would be worth more than $110,000 as of midday April 16, 2019, according to CNBC calculations, for a total return of about 10,000%. Over the same period, the S&P 500 was up just over 100%.
While the company's stock took a slight dip after hours Tuesday, following its earnings release, it reported quarterly revenue that beat estimates and shares are up more than 34 percent as of Tuesday's close.
Many investors relayed optimistic messages early this week. In a note, analysts at banking firm KeyBanc seemed skeptical that new streaming competition could pose a significant threat.
This is a great water cooler story. If you had taken all that money you spent on Starbucks in the early 2000s and picked up shares of Amazon, Netflix and Google, you'd be crazy rich right now.
Are you too late? Have you missed the parade? How do you go about spotting the next Netflix?