Netflix Inc. (NASDAQ: NFLX)
Entertainment · Los Gatos, CA, United States · Founded 1997
- Market capitalization: $310.0 billion
- Annual revenue: $45.18 billion
- Net income: $10.98 billion
- Employees: 13,000
- Sector: Communication Services
- Headquarters: Los Gatos, United States
- Founded: 1997
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Netflix is the world's largest streaming entertainment service with over 260 million paid subscribers in 190+ countries. The company produces and licenses movies, TV series, documentaries, and games. Reed Hastings co-founded it in 1997 as a DVD-by-mail service, and the pivot to streaming in 2007 destroyed Blockbuster and reshaped the entire entertainment industry. Ted Sarandos and Greg Peters now serve as co-CEOs.
Monthly subscription fees across multiple tiers u2014 from an ad-supported plan at $6.99/month to the Premium plan at $22.99/month. The ad-supported tier, launched in late 2022, has grown rapidly and adds a second revenue stream. Netflix spends roughly $17 billion annually on content. The password-sharing crackdown in 2023 added tens of millions of new paying subscribers.
Hastings and Marc Randolph founded Netflix in 1997 in Scotts Valley, California. The streaming service launched in 2007. "House of Cards" in 2013 marked Netflix's entry into original content. The company hit 100 million subscribers in 2017 and 200 million in 2021. The stock crashed 75% in 2022 on subscriber losses before staging a dramatic recovery.
| Market Capitalization | $310.0B |
| Annual Revenue | $45.18B |
| Net Income | $10.98B |
| Profit Margin | 24% |
| Revenue per Employee | $3475385K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | NFLX |
Financial data is approximate and based on most recent annual filings.
Netflix famously offered to sell itself to Blockbuster for $50 million in 2000 u2014 Blockbuster laughed them out of the room. The company's recommendation algorithm saves an estimated $1 billion per year by reducing churn. Netflix employees can take unlimited vacation, and the company's culture deck has been viewed over 20 million times.
Netflix won the streaming wars u2014 the ad tier and password crackdown proved the bears wrong, and the company's content machine is now generating the kind of margins that make legacy media executives weep.
What is Netflix Inc.'s revenue?
Netflix Inc. generates approximately $45.18 billion in annual revenue.
How many employees does Netflix Inc. have?
Netflix Inc. employs approximately 13,000 people worldwide.
What is Netflix Inc.'s market cap?
Netflix Inc. (NFLX) has a market capitalization of approximately $310.0 billion on the NASDAQ.
When was Netflix Inc. founded?
Netflix Inc. was founded in 1997 and is headquartered in Los Gatos, CA, United States.
Who is the CEO of Netflix Inc.?
Ted Sarandos is the current CEO of Netflix Inc..
What is Netflix Inc.'s website?
Netflix Inc.'s official website is netflix.com.
| CEO | Ted Sarandos |
| Sector | Communication Services |
| Industry | Entertainment |
| Founded | 1997 |
| HQ | Los Gatos, CA |
| Country | United States |
| Website | netflix.com |
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