October 22, 2014 6:51 AM ET

Internet and Catalog Retail

Company Overview of Netflix, Inc.

Company Overview

Netflix, Inc. operates as an Internet television network, is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company also provides DVDs-by-mail membership services. As of May 21, 2014, it had approximately 48 million customers in approximately 40 countries. The company was founded in 1997 and is headquartered in Los Gatos, California.

100 Winchester Circle

Los Gatos, CA 95032

United States

Founded in 1997

2,022 Employees

Phone:

408-540-3700

Key Executives for Netflix, Inc.

Founder
Age: 53
Total Annual Compensation: $2.0M
Chief Financial Officer and Chief Accounting Officer
Age: 43
Total Annual Compensation: $769.2K
Chief Content Officer and Vice President of Content
Age: 49
Total Annual Compensation: $2.2M
Chief Product Officer
Age: 52
Total Annual Compensation: $1.7M
General Counsel and Secretary
Age: 48
Total Annual Compensation: $856.9K
Compensation as of Fiscal Year 2013.

Netflix, Inc. Key Developments

DiCaprio Teams with Netflix on Gorilla Documentary

DiCaprio has teamed up with Netflix for a documentary about endangered mountain gorillas in east Africa. The documentary follows an embattled team of park rangers in the Democratic Republic of Congo "as they are caught in the crossfire of poachers, militia and industry in Africa's oldest national park.

Netflix Announces Expansion Plan to Portugal

Netflix announced that its expansion plans include Portugal.

Netflix, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Netflix, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $1,409,432,000 compared with $1,105,999,000 for the same period a year ago. Operating income was $110,407,000 compared with $57,120,000 for the same period a year ago. Income before income taxes was $97,537,000 compared with $49,491,000 for the same period a year ago. Net income was $59,295,000 or $0.96 per diluted share compared with $31,822,000 or $0.52 per diluted share for the same period a year ago. Net cash used in operating activities was $37,439,000 compared with net cash provided by operating activities of $34,693,000 for the same period a year ago. Acquisition of DVD content library was $15,530,000 compared with $15,471,000 for the same period a year ago. Purchases of property and equipment was $21,032,000 compared with $10,828,000 for the same period a year ago. For the nine months, the company reported revenues of $4,019,928,000 compared with $3,199,332,000 for the same period a year ago. Operating income was $337,602,000 compared with $146,059,000 for the same period a year ago. Income before income taxes was $303,853,000 compared with $97,070,000 for the same period a year ago. Net income was $183,428,000 or $3.97 per diluted share compared with $63,982,000 or $1.06 per diluted share for the same period a year ago. Net cash provided by operating activities was $54,944,000 compared with $56,386,000 for the same period a year ago. Acquisition of DVD content library was $51,425,000 compared with $50,687,000 for the same period a year ago. Purchases of property and equipment was $54,235,000 compared with $31,034,000 for the same period a year ago.

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