The streaming industry has erupted in the last year—and yet Netflix has never been more successful.
Even as HBO Max and NBC's Peacock are expected to hit the market in 2020, the pioneer streaming company is reporting increased revenue and user growth.
According to Netflix's 2019 Q4 earnings report, it posted $5.47 billion in revenue, which is 31 percent more than the year before.
The service also managed to add 8.76 million net subscribers on a global scale despite the launch of Disney+ in the US.
Even with all the talk about other companies catching up to what Netflix has accomplished, the service's supply of original content keeps it well ahead of the pack heading into the new year.
According to a Statista survey, Netflix is still by far the favorite streaming service among US consumers.
The survey showed that 85 percent of the 2,730 respondents ages 18 to 64 were Netflix subscribers.
The next highest was Amazon Prime Video at 65 percent, then Hulu at 52 percent.
A combined 55 percent of respondents said they purchased digital video content from YouTube (36 percent) and iTunes (19 percent).
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Even with recent successes and user data, Netflix's popularity will be something to watch in 2020 and beyond.
Despite the company's overall user growth, Netflix added only 420,000 US users in Q4, which is well below its expectation of 600,000.
One possible reason for this stunted growth was the launch of Disney+ in November.
Most of Netflix's Q4 growth can be attributed to the company's efforts internationally, but with even more competitors launching in the US this year, it will be interesting to see how the company will fare among such a crowded pack.
