Earlier quoted context omitted.
They could leverage the edge cache they have to get into streaming games. Or maybe build a YouTube competitor.
What would be a compelling differentiator from what YouTube offers?
Netflix already has most of what's needed in terms of infrastructure and talent.
It wouldn't need to beat YouTube. It could also offer something like what Vimeo does.
Edit: I wonder if buying Roku would be a good move. Their competitors all have players.