Netflix, Inc. (NASDAQ: NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. The company has approximately 231 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

finviz dynamic chart for NFLX

Company Overview

  • Market Cap: 186.716 Billion
  • PE Ratio: 44.59
  • EPS: 9.42

Netflix remains by far the largest streaming pure play, with more than 200 million subscribers. Net new subscribers in the U.S. have slowed in recent years, but Netflix is growing quickly internationally. Also, a prolific producer of TV shows and movies, Netflix is constantly adding content in local languages as part of its strategy to continue growth abroad.

Netflix looks to convert freeloaders. The company’s initiative to monetize the roughly 100 million households worldwide that use Netflix but aren’t paying for the service because of password sharing is working. Netflix began its account-sharing crackdown last month of May in the U.S. and elsewhere after testing its enforcement initiative in four countries.

The Wall Street Journal reported that Netflix has seen a big jump in new subscribers in the U.S. because of the crackdown. The report cited data from streaming analytics firm Antenna.

Netflix ended the first quarter with 232.5 million paid subscribers worldwide. JPMorgan analyst Doug Anmuth believes Netflix will be able to monetize 14 million of the estimated 100 million account borrowers by the end of 2023. That number will grow to 26 million by the end of 2024 and 33 million by the end of 2025, he said in a note to clients. Therefore, with more subscribers, Netflix will continue to grow in revenue.

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