Netflix (NASDAQ: NFLX) is the dominant streaming video and movie service in its sector, with over 325 million paid memberships as of the end of 2025.It's maintained its position over the years, despite a crowded space with competition from the likes of Walt Disney, which runs Disney+, Hulu, and ESPN+. Competition in 2026 and beyond, however, is starting to look different, especially as concerns increase around Netflix's ability to keep subscribers engaged. With a new challenger emerging, how it handles the situation will determine the bear and the bull case for the video streaming giant in the years ahead. Image source: The Motley Fool.
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