NETFLIX INC (NFLX)

Netflix, Inc. is one of the world's leading entertainment services, offering TV series, films, games and live programming across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime and anywhere, and can change their plans at any time. The company's core strategy is to grow its business globally within the parameters of its operating margin target, improving the member experience through compelling content, conversation around its titles, and a continuously enhanced user interface that helps members choose what to watch.

Netflix operates as one operating segment. Its revenues come primarily from monthly membership fees for streaming content to members. It aims to offer a range of pricing plans, including an ad-supported subscription plan, to meet a variety of consumer needs. The company produces original content and licenses content from studios, content providers and other rights holders, whose license periods and terms vary. It also relies on intellectual property such as trademarks, copyrights, patents, trade secrets and proprietary technology, which extends to its technology, business processes, content and the consumer products and experiences based on that content.

Netflix serves members across many countries, cultures, languages and tastes. The market for entertainment video is intensely competitive and changes rapidly. The company competes for consumers' leisure time with linear television, other streaming providers (including those offering pirated content), video gaming providers, open content platforms with user-generated and professional content, and other entertainment such as social media. It also competes with other video providers and content producers to obtain licensed and original content. Its stated objective is to "win moments of truth" when consumers choose how to spend free time. Media and internet content delivery face growing regulation in many countries, including investment obligations, levies, content catalog quotas, restrictions on ownership rights and possible content reviews, which can make operating in some jurisdictions more expensive or restrictive.

As of December 31, 2025, Netflix had approximately 16,000 full-time employees: about 10,900 in the United States and Canada, 2,500 in Europe, the Middle East and Africa, 1,900 in Asia-Pacific and 700 in Latin America. It also has part-time or temporary employees engaged in content production, some covered by collective bargaining agreements. The company emphasizes a culture described in its "Netflix Culture Memo," pays employees at top of market, and lets them choose between cash and stock options. It maintains a website at www.netflix.com and an investor relations site at ir.netflix.net.