MARKET COMPOSITE
NFLX - NetFlix Inc8:00:00 PM 4/19/2024
Price
$555.04
-55.52 (-9.09%)
Netflix, Inc. is an American over-the-top content platform and production company headquartered in Los Gatos, California. Netflix was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. The company's primary business is a subscription-based streaming service offering online streaming from a library of films and television series, including those produced in-house. As of October 2020, Netflix had over 195 million paid subscriptions worldwide, including 73 million in the United States. It is available worldwide except in the following: mainland China , Syria, North Korea, and Crimea . It was reported in 2020 that Netflix's operating income is $1.2 billion. The company has offices in France, the United Kingdom, Brazil, the Netherlands, India, Japan, and South Korea. Netflix is a member of the Motion Picture Association , producing and distributing content from countries all over the globe. Netflix's initial business model included DVD sales and rental by mail, but Hastings abandoned the sales about a year after the company's founding to focus on the initial DVD rental business. Netflix expanded its business in 2007 with the introduction of streaming media while retaining the DVD and Blu-ray rental business. The company expanded internationally in 2010 with streaming available in Canada, followed by Latin America and the Caribbean. Netflix entered the content-production industry in 2013, debuting its first series House of Cards.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue8.8B+3%
Gross Profit3.5B-
Cost Of Revenue5.3B+8%
Operating Income1.5B-22%
Operating Expenses2B-
Net Income937.8MM-44%
R&D673.3MM+2%
G&A439.3MM-8%
Marketing916.6MM+64%
Interest Expense175.2MM-0%
Stock Chart

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Stock news

    Netflix stock plunged after the streaming video leader said it would stop giving quarterly subscriber numbers next year.

    The Nasdaq and the S&P 500 ended lower on Friday as Netflix shares weighed, but American Express kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment. Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no...

    Technology stocks dragged the market down on Friday. The S&P 500 and Nasdaq Composite marked their sixth straight losing session.

    (Bloomberg) -- Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast for revenue and a warning that the streaming giant will stop reporting subscriber numbers in 2025 overshadowed an otherwise strong start to the year.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits City‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapIsrael Reported to Have

    The Dow Jones Industrial Average (^DJI) is the lone leader among market indexes, closing the trading week higher by a mere 0.01% and rising by 210 points in Friday's session. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) extend their losing streaks to their sixth consecutive days. Market Domination Overtime Anchor Julie Hyman looks back on today's market activity while keeping a close eye on a handful of top trending stocks. For more expert insight and the latest market action, click here to ...

    Shares of memory chips maker Micron (NYSE:MU) fell 5.5% in the afternoon session after major indices declined with the Nasdaq down 2.1% while the S&P 500 fell by 0.9%. Netflix reported mixed results to kick off the new earnings season. The video-streaming giant provided underwhelming sales guidance for the full year and guided for growth to decelerate in the second half of the year. Also, Netflix surprisingly announced it will stop disclosing subscriber count (starting in the first quarter of 20

    Shares of leading edge card issuer Marqeta (NASDAQ: MQ) fell 5% in the afternoon session after major indices declined with the Nasdaq down 2.1% while the S&P 500 fell by 0.9%. Netflix reported mixed results to kick off the new earnings season. The video-streaming giant provided underwhelming sales guidance for the full year and guided for growth to decelerate in the second half of the year. Also, Netflix surprisingly announced it will stop disclosing subscriber count (starting in the first quart

    Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.

    The Dow Jones Industrial Average was on track to rise on Friday on the Nasdaq Composite’s worst day since late 2022. It says more about what stocks are and aren’t in the Dow than it does about anything else. The Dow was up 134 points, or 0.4%, in recent trading.

    The Nasdaq and the S&P 500 fell on Friday, as Netflix weighed but American Express kept the Dow on the plus side after quarterly earnings from each, while growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment. Netflix slumped 8.77% as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer ...