Netflix, Inc. (Nasdaq: NFLX) is a leading global streaming entertainment service headquartered in Los Gatos, California. The company was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service, before launching its streaming platform in 2007. Netflix has since grown to become one of the world's largest entertainment companies, with 260.28 million paid memberships across over 190 countries as of Q4 2023.
Netflix offers a wide variety of content including TV series, documentaries, feature films and mobile games across a wide variety of genres and languages. The company has invested heavily in original programming, with popular Netflix Originals including Stranger Things, The Crown, and Bridgerton. Netflix's content library includes both licensed titles from other studios as well as its own productions. The service is known for its personalized recommendations and easy-to-use interface across devices.
In recent years, Netflix has expanded into new areas including an ad-supported tier, cracking down on password sharing, and live sports programming. The company generated USD 33.72 billion in revenue in 2023 and had a net income of USD 5.4 billion. While facing increased competition in the streaming space, Netflix remains the market leader and continues to focus on improving its content offerings and technology to maintain its position.
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