Netflix News

Netflix, Inc., founded in 1997 by Reed Hastings and Marc Randolph, started out revolutionizing movie rentals with its mail-order DVD service. But its real game-changer came in 2007, when it embraced streaming, ushering in a new era of on-demand entertainment. Over the years, Netflix evolved from content distributor to powerhouse creator, with original hits like Stranger Things, The Crown, and Squid Game capturing global audiences. Today, Netflix serves over 190 countries, offering an expansive mix of series, films, and documentaries that continue to shape modern viewing habits.

In Q4 2024, Netflix delivered standout results, posting $10.25 billion in revenue, up 16% from the prior year, a net income of $1.87 billion. The company added 19 million new paid subscribers, bringing its global total to 302 million. For the full year, revenue rose 16% and operating income crossed $10 billion for the first time. A key driver of this growth was the rollout of its ad-supported tier, which broadened access while preserving its premium edge. The company also boosted its operating margin to 27%, signaling tighter execution on spending. With a global subscriber base and diversified revenue streams, Netflix is showing that it’s not just keeping pace with the competition, it’s setting the tone for the future of streaming.