About Netflix, Inc.
Netflix, Inc. is a worldwide entertainment provider offering television series, films, documentaries, and mobile games across many genres and languages. Members stream content over the internet on smart TVs, digital media players, cable boxes, and mobile phones, and the company also offers a DVD-by-mail subscription service in the United States. Founded in 1997, Netflix reports roughly 222 million paying subscribers across about 190 countries.
Why it matters
Netflix operates in the Communication Services sector within the Entertainment industry and is one of the largest subscription streaming services by global subscriber count. Investors and traders monitor the company because of its scale, its role in the shift from traditional pay-TV to streaming, and competition from other streaming platforms, studios, and technology companies. Its results are also watched as a gauge of consumer spending on entertainment and of international growth in streaming adoption.
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