Netflix Stocks Price Today (NFLX)
2022.12.29 11:01
Netflix, Inc. is a media company with headquarters in Los Gatos, California, USA. It was founded in 1997 in Scotts Valley, California, by Reed Hastings and Marc Randolph. It runs the over-the-top subscription video on demand service known as Netflix.
It has original films and television shows that the company commissions or acquires, as well as content from third parties that is licensed from other distributors. Being the first streaming service to join the Motion Picture Association, Netflix is a member.
At first, Netflix offered DVD rentals and sales via mail; however, within a year, the company shifted its focus entirely to the DVD rental business. Netflix introduced video on demand and streaming media in 2007. In 2010, the business started expanding to Canada, followed by Latin America and the Caribbean.
The political drama House of Cards was the first original piece of content that the service acquired and produced in 2013. By 2022, half of Netflix’s library in the United States was made up of original content, and the company had expanded into other areas through its Netflix service, such as publishing video games.
Forbes Global 2000 ranks the company 219th and 115th, respectively. As of February 2022, it has the second largest market capitalization of any entertainment or media company. Morning Consult ranked Netflix as the eighth most trusted brand worldwide in 2021. With a total return of 3,693% in the 2010s, Netflix was the best-performing stock in the S&P 500 stock market index.
Netflix had more than 230 million subscribers worldwide as of January 2023, with 74.3 million in the United States and Canada; 76.7 million in Europe, Africa, and the Middle East, 41.7 million in Latin America, and 38 million in Asia-Pacific. Except for Mainland China, Syria, North Korea, and Russia, the Netflix service is available worldwide.
