10 Best Kid-Friendly Stocks To Buy Right Now

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 121

Netflix, Inc. (NASDAQ:NFLX), one of the biggest media streaming companies in the world, ranks second on our list of the best kid-friendly stocks to buy right now. The company has garnered immense popularity for its series and movies, which is evident from its growing audience of over 600 million users. To increase customer acquisition globally, Netflix is expanding its offerings into new cultures and languages.

Netflix’s (NASDAQ:NFLX) advertising business stands out. It has been two years since Netflix launched its advertising business and in the third quarter of 2023, the company’s ad business accounted for more than 50% of sign-ups. Membership on the company’s ads also grew by 35% quarter-over-quarter during the same period. Overall, revenue during the quarter grew by 15%, 1% higher than the forecast, and average paid memberships increased by 15% year-over-year.