Profile
Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. It has operations in approximately 190 countries. The company was incorporated in 1997 and is headquartered in Los Gatos, California.
Overview
In 2024,NFLX is having a great year as a stock with 89% return year-to-date, far outpacing the S&P500(27.31% YTD). This was not the case a few years ago, when due to increased competition, NFLX lost subscribers for the first time and made the stock drop 75% from October 2021 to May 2022.
Source: TradingView
Currently Netflix seems stronger than ever. One of the most decisive actions the company did to improve its situation is to crack down password sharing in 2023. This forced users who use others’ accounts to subscribe separately. This measure had an obvious effect...