Netflix, Inc. (NASDAQ: NFLX) is an American entertainment streaming company that offers TV series, documentaries, and feature films in various genres and languages. The company was founded on August 29, 1997, in California by Marc Randolph and Reed Hastings.
Netflix trades on the Nasdaq exchange under the ticker of NFLX after going public on May 23, 2002. Users receive streaming content through several internet-connected devices through the company, including TVs, digital video players, television set-top boxes, and mobile devices.
Netflix was one of the first streaming services to start offering original content. It also provides DVDs-by-mail membership services. The streaming service derives revenues from monthly membership fees for services consisting of streaming content to its members.
Netflix main competitors
- HBO Max
- Amazon Prime Video
Netflix Key Milestones
In 2007, Netflix introduced a streaming service called “Watch Now,” allowing members to watch television shows and movies instantly. This was a huge shift in the company’s business model while forming the blueprint for competitors that emerged later.
In 2016, Netflix expanded to another 130 countries globally, bringing its reach to a total of 190 countries with 21 languages. The platform also unveiled its ‘Download’ feature, allowing members to download TV shows and movies for offline viewing.
In 2017, Netflix subscriber numbers reached a staggering 100 million globally after expanding its international collection with popular series. In the wake of the coronavirus pandemic, Netflix users surpassed a record 200 million globally.
Does Netflix stock pay dividends?
Netflix (NASDAQ: NFLX) does not pay a dividend.
Has Netflix stock ever split?
Since going public, Netflix stock has split twice.
What is Netflix's approach to pricing?
Netflix offers several different tiers of pricing for consumers to select a plan that best fits their circumstances and needs. The company also periodically adjusts pricing.
How does Netflix finance its content investments?
The company funds its investments through operating profits and by raising debt.