Stream Wars

From DVD mailers to defining how the world watches TV

Price increases since 2019
vs
+70%
Subscriber growth

Netflix raised prices 4 times. Subscribers grew from 167M to 283M anyway. That's pricing power.

NFLXNASDAQ
Netflix, Inc.

Streaming service that changed how we watch TV

$83.33
+69341.7% since 2002
Revenue (TTM)
How much money came in the door over the past year. Think of it as total sales before paying any bills.
$37.6B
+14.8%
Net Income (TTM)
What's left after paying everyone—employees, suppliers, taxes, everything. This is the actual profit.
$7.8B
+71.4%
Gross Margin
For every dollar of sales, how much is left after making the product? Higher is better—more room for profit.
46.0%
EPS (TTM)
If you owned one share, this is your slice of the profit. Bigger number = more earnings for each share you hold.
$17.67
+76.3%

Financial Performance

The password crackdown worked — subscriber growth reignited. Operating margins hit 25%+, proving streaming can be profitable. Ad tier is the next growth lever.

Revenue

Money coming in the door each quarter—total sales before paying any bills.
$9.8B
+526.1%

Net Income

What's left after paying everyone. This is the real profit the company keeps.
$2.4B
+11700.0%

Earnings Per Share

Your slice of the profit for each share you own. Bigger = better.
$5.40
+13400.0%

Margins

How much profit is made on each dollar of sales. Higher margins = more efficient business.

Profitability over time

Gross
46.0%
Operating
30.0%

The Netflix Story

From DVD rentals to 280M+ global streaming subscribers

Global Subscribers

Paid memberships by region (millions)

Total Subscribers
282M

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About Netflix, Inc.

Netflix is the world's leading streaming entertainment service with over 230 million paid memberships in over 190 countries. The company revolutionized how people watch TV and movies, pioneering the binge-watching model and investing heavily in original content.

Communication ServicesEntertainment

Data Sources

Price Data: Yahoo FinanceFinancials: Netflix, Inc. SEC Filings