About the Company
Netflix, Inc. is an American media company founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California and currently based in Los Gatos, California. It owns and operates an eponymous over-the-top subscription video on-demand service, which showcases acquired and original programming as well as third-party content licensed from other production companies and distributors. Netflix is also the first (and so far only) streaming media company to be a member of the Motion Picture Association. Netflix initially both sold and rented DVDs by mail, but the sales were eliminated within a year to focus on the DVD rental business. In 2007, Netflix introduced streaming media and video on demand. The company expanded to Canada in 2010, followed by Latin America and the Caribbean. In 2011, the service began to acquire and produce original content, beginning with the political drama House of Cards. The company is ranked 117th on the Fortune 500 and 219th on the Forbes Global 2000. It is the second largest entertainment/media company by market capitalization as of February 2022. In 2021, Netflix was ranked as the eighth-most trusted brand globally by Morning Consult. During the 2010s, Netflix was the top-performing stock in the S&P 500 stock market index, with a total return of 3,693%.Netflix is headquartered in Los Gatos, California, in Santa Clara County, with the two CEOs, Greg Peters and Ted Sarandos, split between Los Gatos and Los Angeles, respectively. It also operates international offices in Asia, Europe and Latin America including in Canada, France, Brazil, the Netherlands, India, Italy, Japan, Poland, South Korea and the United Kingdom. The company has production hubs in Los Angeles, Albuquerque, London, Madrid, Vancouver and Toronto.
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Nasdaq
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Latest $NFLX News
Netflix is undergoing a tech ‘rite of passage,’ and Wall Street doesn’t like it
Other technology companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.
Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Netflix, Inc. (NASDAQ: NFLX) is expected to release earnings results for its first quarter, after the closing bell on April ...
Netflix and Paramount Among Major Movers in Premarket Trading Today, Here’s Why
Netflix Inc. (NASDAQ: NFLX) and Paramount Global (NASDAQ: PARA) are among the most active stocks in premarket trading today.
Netflix’s The Witcher Will End With Season 5
Netflix has announced that The Witcher TV series will have Season 5, which will mark the end of the show. S4 has begun ...
Netflix Announces New Ad Measurement Options Ahead Of The Upfronts
Netflix grew revenue by 15% YOY, mostly driven by account growth thanks to anti-account sharing. It also unveiled new ad ...
Netflix Inc. Bottom Line Climbs In Q1, Beats estimates
Netflix Inc. (NFLX) revealed a profit for its first quarter that increased from last year and beat the Street estimates. The ...
Netflix Stock Is In The Spotlight Thursday: What's Going On?
Netflix is set to report first-quarter financial results after the bell on Thursday. Analysts are anticipating that the ...
Netflix adds 9.33 million customers, crushing Street forecasts
Netflix Inc. posted its best start to the year since 2020, attracting more new customers than anyone expected thanks to a ...
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