Netflix
Global subscription streaming giant and original content producer with over 300 million paid subscribers worldwide.
Netflix Inc. — Official Annual Report to Shareholders, FY2024 (SEC Filing)Netflix, Inc. is an American media and technology company founded in 1997 by Reed Hastings and Marc Randolph, headquartered in Los Gatos, California. Originally launched as a mail-order DVD rental service, it pivoted to internet streaming in 2007 and discontinued its DVD-by-mail business entirely in 2023, now operating exclusively as an over-the-top subscription video-on-demand platform.
The company serves 301.6 million paid subscribers globally as of Q4 2024, adding a record 18.9 million subscribers in that quarter alone. It reported total revenues of approximately $39.0 billion and operating income of $10.4 billion for FY2024, reflecting a 27% operating margin, with a market capitalization of approximately $442 billion as of November 2025.
Netflix produces and licenses a broad content library including critically acclaimed originals such as Stranger Things and House of Cards, and operates production hubs in Los Angeles, Albuquerque, London, Madrid, Vancouver, and Toronto. The company has diversified into an ad-supported subscription tier (70 million active users by November 2024) and mobile gaming through studio acquisitions.
As a dominant force in digital entertainment, Netflix is highly relevant to any innovation touching streaming technology, content delivery, advertising, interactive media, or subscription-based business models at global scale.