Netflix Stock

Netflix, Inc. provides entertainment services worldwide.

The company has over 260 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time.

The company’s core strategy is to grow its business globally within the parameters of its operating margin target. The company strives to continuously improve its members' experience by offering compelling content that delights them and attracts new members. The company’s revenues are primarily derived from monthly membership fees for services related to streaming content to its members.

Seasonality

The company’s membership growth exhibits a seasonal pattern that reflects variations when consumers buy internet-connected screens and when they tend to increase their viewing. Historically, the fourth quarter (year ended December 31, 2023) represents the company’s greatest streaming membership growth.

History

Netflix, Inc. was founded in 1997. The company was incorporated in Delaware in 1997.