Netflix (NFLX) stock has risen to another all-time high as the tech industry recovers after Donald Trump’s victory over Kamala Harris in the presidential election.

The stock is currently trading above $790 per share and is up more than 60% year-to-date, with a gain of 10% in the last month – far outperforming broader markets.

However, the upside extends beyond the recent Trump-fueled rally as Netflix stands out from a list of struggling media names.

The streamer has added more than 50 million paying subscribers since its password crackdown began in May 2023. Full-year forecast operating margins are expected to reach 27%, with management noting that the company has the potential to ultimately secure similar margins to broadcast networks. which in the past have been in the range of 40% to 50%.

And in the first three quarters of 2024, Netflix generated net income of around $6.9 billion. Its competitors aren’t even close.

Disney (DIS) and Paramount Global (PARA) just reported first-quarter earnings in their respective streaming businesses earlier this summer. Yes, a change for the industry, but not a panacea for the problems that have plagued traditional media. Comcast (CMCSA) became the latest company to consider spinning off its cable networks.

“Netflix is ​​clearly running away with the ball and the media-based streaming companies are struggling to even get on the playing field,” Barton Crockett, managing director at Rosenblatt Securities, previously told Yahoo Finance.

Read more about Netflix’s dominance and why analysts say the company has won the highly competitive streaming wars here.