Yahoo Finance published this video item, entitled “Netflix generated $32B in revenue in 2023, here’s a look at the company’s history” – below is their description.
Netflix (NFLX) generated more than $32 billion in revenue in 2023, including over 247 million subscribers worldwide. Beyond The Ticker takes a deep dive into the streaming giant’s biggest moments.
1997
Marc Randolph and Reed Hastings founded Netflix in Scotts Valley, California.
2000
Netflix launched its monthly subscription concept. DVD rentals were mailed to customers, along with prepaid return envelopes.
Later that year, Netflix was almost sold to Blockbuster for $50 million, but Blockbuster declined the offer.
2002
Netflix launched its IPO, selling 5.5 million shares at $15 per share. It brought in $82.5 million.
2007
Netflix announced that it would debut streaming video while retaining its DVD rental service.
2011
Netflix stock fell to around $9 per share in November 2011, after the company revealed that it lost 800,000 subscribers in its third quarter.
2013
The company released House of Cards, the beginning of Netflix’s original programming.
2015
In 2015, Netflix announced that its stock had surged to an all-time high, over $100 per share, a growth of 574% over the past five years.
2017
A study by PricewaterhouseCoopers (PwC) showed that the Netflix subscriber base was equal to the number of cable TV subscribers – 73% of all U.S. households.
2021
Netflix launched its gaming platform Netflix Games, available on Android with 5 games at launch. The company also announced plans to expand its gaming service to iOS.
2023
Netflix announced the wind-down of DVD.com, with its last shipment on September 29, 2023.
From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street’s trending companies and how they transformed into the financial icons they are today.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
Yahoo Finance YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
