Netflix, Inc.

Netflix, Inc.

Logo used since 2014
Headquarters in Los Gatos, California, 2019
Trade name	Netflix
Type	Public company
Traded as	Nasdaq: NFLX Nasdaq-100 component S&P 100 component S&P 500 component
Industry	Media Entertainment
Founded	August 29, 1997 (1997-08-29)
Founders	Reed Hastings Marc Randolph
Headquarters	Los Gatos, California , U.S.
Key people	Reed Hastings (Executive chairman) Ted Sarandos (Co-CEO) Greg Peters (Co-CEO)
Products	Comic Books Films Music Television program Video games Web portals Home medias
Services	Streaming Television
Revenue	US$31.6 billion (2022)
Operating income	US$5.6 billion (2022)
Net income	US$4.5 billion (2022)
Total assets	US$48.6 billion (2022)
Total equity	US$20.8 billion (2022)
Number of employees	12,800 (2022)
Divisions	US Streaming International Streaming Domestic DVD
Subsidiaries	Fast.com DVD Netflix Millarworld Albuquerque Studios Netflix Pictures Netflix Studios Netflix Animation StoryBots, Inc. Grauman's Egyptian Theatre Broke and Bones (stake) Roald Dahl Story Company Night School Studio Netflix Pty Ltd Scanline VFX Next Games Boss Fight Entertainment Animal Logic Spry Fox
Footnotes / references

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

Team

Leadership

Co-Founder & Executive Chairman

Reed Hastings co-founded Netflix in 1997. Reed received an MSCS in AI from Stanford University in 1988 after briefly working as a maths teacher. In 1991, Reed founded Pure Software, which made tools for software developers before co-founding Netflix.

Reed is an active educational philanthropist and served on the California State Board of Education from 2000 to 2004. He is currently on the board of several educational organizations including KIPP and Pahara. Reed is also a board member of The City Fund.

Co-CEO

Greg Peters is Co-CEO of Netflix. Previously Greg served as Chief Operating Officer and Chief Product Officer. Earlier, Greg was International Development Officer for Netflix, responsible for the global partnerships with consumer electronics companies, Internet service providers and multi-channel video programming distributors that enable Netflix to deliver movies and TV shows across a full range of devices and platforms.

Co-CEO

Ted Sarandos is co-CEO of Netflix. Ted has significant executive management and leadership experience and is integral to developing corporate strategy. He has been responsible for all content operations since 2000, and led the company's transition into original content production that began in 2013 with the launch of the series ‘House of Cards,’ ‘Arrested Development’ and ‘Orange Is the New Black,’ among numerous others.

Ted is recognized in the industry as an innovator in film and television acquisition, distribution, and production, and was named one of Time Magazine’s 100 Most Influential People of 2013.

Chief Financial Officer

Spencer Neumann was named CFO of Netflix in January of 2019. Previously, he served as Activision Blizzard’s CFO from May 2017. Prior to that, Spencer held a number of positions of increasing responsibility at The Walt Disney Company, most recently serving as the CFO and executive vice president of Global Guest Experience of Walt Disney Parks and Resorts, from 2012 until May 2017. From 2005 to 2012, Spencer worked at the private equity firms of Providence Equity Partners and Summit Partners.

Chief Content Officer

Bela Bajaria was named Chief Content Officer in 2023. Bela was named Head of Global TV in 2020, overseeing English language and local language scripted and unscripted series around the world. Previously, she oversaw local language originals, original series across Europe, the Middle East, Türkiye, Africa, India, Asia, and Latin America. In this role, she managed the teams behind shows such as 'La Casa de Papel' (Spain), 'The Witcher' (Poland), 'Sacred Games' (India), 'Squid Game' (Korea), 'Blood & Water' (South Africa), and 'Sintonia' (Brazil). Bela joined Netflix in 2016 to lead Netflix's push into unscripted programming including the critically acclaimed 'Queer Eye,' 'Nailed It!' and 'Tidying Up with Marie Kondo.' She was previously President of Universal Television.

Chairman of Netflix Film

Scott Stuber is the Chairman of Netflix Films where he oversees the development, production and acquisition of the Netflix film slate. Recent hits under Scott’s supervision include: 'Glass Onion: A Knives Out Mystery,' 'All Quiet on the Western Front,' 'The Adam Project,' 'The Gray Man,' Academy Award and BAFTA-winning 'The Power of the Dog,' Academy Award nominee 'Don’t Look Up,' Martin Scorsese’s 'The Irishman,' Academy Award winner 'Marriage Story,' 'Red Notice,' and three-time Academy Award winner 'ROMA.' Prior to Netflix, he founded and ran Bluegrass Films, which produced such hits as 'Ted,' 'Central Intelligence,' and 'Safe House.'

Ownership structure

The breakdown of the major holders of Netflix is as follows: 83.88% of shares are held by institutions, whilst 1.35% of shares are held by all insiders.

Institutional holder	Share stake
Vanguard Group Inc	8.10%
Blackrock Inc.	6.47%
FMR, LLC	5.32%
Capital Research Global Investors	4.26%
State Street Corporation	3.65%
Capital International Investors	2.80%
Price Associates Inc	2.53%
Capital World Investors	2.52%
Geode Capital Management, LLC	1.85%
JP Morgan Chase & Company	1.64%