NFLX Stock News & Live Price

Netflix Inc · NASDAQ NMS - GLOBAL MARKET · Media

Netflix (NFLX) is the world's largest premium video streaming service with 300+ million paid subscribers. Track NASDAQ price, subscriber adds, ARPU growth, and the accelerating advertising business.

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About Netflix Inc (NFLX)

Netflix, Inc. is the world's largest paid subscription video-on-demand service, listed on the NASDAQ under NFLX and headquartered in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail company, Netflix pivoted to streaming in 2007 and to original content in 2013 — a series of bets that reshaped the entire entertainment industry. As of 2025, Netflix has over 300 million paid subscribers globally, more than the next three US streaming services combined.

The business model rests on two revenue streams: subscription fees (multi-tier: Basic with Ads, Standard, Premium) and — since 2022 — a rapidly-growing advertising tier that now covers ~50% of new subscriber additions and is on pace to become a $5-10B business by 2028. The 2023 password-sharing crackdown converted an estimated 40+ million previously-freeloading viewers into paying subscribers, driving a step-change in revenue and free cash flow.

Netflix's content spend is ~$17B/year — the largest in the industry — split across scripted originals, unscripted (Love is Blind, Squid Game: The Challenge), licensed content, films, live sports (WWE Raw, occasional NFL games, boxing events), and international productions (Korea, Spain, Mexico, India). Netflix has also expanded into gaming (mobile games included with subscription) and live events (Jake Paul vs. Mike Tyson, Christmas Day NFL). Wall Street's key debate: can Netflix sustain 10-15% revenue growth as the subscriber base matures, or has the streaming market fully saturated in developed markets?

What Netflix Inc Actually Does

  • Global paid streaming service (300M+ subscribers in 190+ countries)
  • Original scripted series (Stranger Things, Squid Game, Bridgerton, The Crown)
  • Unscripted / reality (Love is Blind, Selling Sunset)
  • Licensed movies + original film production
  • Live sports & events (WWE Raw, NFL Christmas, boxing)
  • Advertising-supported tier (~50% of new signups)
  • Games (included with subscription)

Investment Thesis

▲ Bull Case

Advertising business is scaling faster than expected — Netflix is on track to become a top-5 US CTV ad platform. Paid-sharing crackdown continues to convert freeloaders. Content-spend discipline + operating leverage is expanding operating margin from ~20% to potentially ~30% by 2027. Live sports optionality (NFL Christmas Day, WWE Raw) is a new growth vector.

▼ Bear Case

Subscriber growth in mature markets (US, Canada, Western Europe) has slowed to low-single-digits. Competition from Disney+, Amazon Prime Video, HBO Max, YouTube, and TikTok compresses ARPU. Rising content costs and live-sports rights inflation could hit margins. At 35-40× forward earnings, valuation prices in continued execution.

HeadquartersLos Gatos, California
FoundedAugust 29, 1997
Co-CEOsTed Sarandos, Greg Peters
Employees~14,000
Annual Revenue~$39 billion
ExchangeNASDAQ NMS - GLOBAL MARKET
IndustryMedia
Market Cap$291.85B
IPO Date2002-05-23
CountryUS

Company profile data sourced from Finnhub. TickerNews is a news aggregator and does not provide investment advice — see our Disclaimer.

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