January 21, 2017 10:30 PM ET

Internet and Direct Marketing Retail

Company Overview of Netflix, Inc.

Company Overview

Netflix, Inc., an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. The company operates in three segments: Domestic streaming, International streaming and Domestic DVD. It offer members with the ability to receive TV shows and movies streaming content, including original series, documentaries, and feature films through a host of Internet-connected screens, such as TVs, digital video players, TV set-top boxes, and mobile devices. The company also provides DVDs-by-mail membership services. As of October 17, 2016, it served approximately 86 million streaming members in 190 countries. Netflix, Inc. was founde...

100 Winchester Circle

Los Gatos, CA 95032

United States

Founded in 1997

Phone:

408-540-3700

Key Executives for Netflix, Inc.

Founder, Chairman of the Board, Chief Executive Officer, President and Member of Stock Option Committee
Age: 55
Total Annual Compensation: $1.1M
Chief Financial Officer
Age: 45
Total Annual Compensation: $2.0M
Chief Content Officer
Age: 51
Total Annual Compensation: $1.1M
Chief Product Officer
Age: 54
Total Annual Compensation: $1.1M
International Development Officer
Age: 45
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2015.

Netflix, Inc. Key Developments

Netflix, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the for First Quarter and Full Year 2017

Netflix, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenues of $2,477,541,000 against $1,823,333,000 a year ago. Operating income was $153,934,000 against $59,894,000 a year ago. Income before income taxes was $90,269,000 against $20,731,000 a year ago. Net income was $66,748,000 against $43,178,000 a year ago. Diluted earnings per share per of $0.15 against $0.1 a year ago. Net cash used in operating activities was $557,160,000 against $244,745,000 a year ago. Purchases of property and equipment were $61,048,000 against $12,854,000 a year ago. Adjusted EBITDA was $211,769,000 against $111,242,000 a year ago. Free cash flow negative was $639 million against $212 million a year ago. EBITDA was $212 million against $111 million a year ago. For the period, the company reported revenues of $8,830,669,000 against $6,779,511,000 a year ago. Operating income was $379,793,000 against $305,826,000 a year ago. Income before income taxes was $260,507,000 against $141,885,000 a year ago. Net income was $186,678,000 against $122,641,000 a year ago. Diluted earnings per share were $0.43 against $0.28 a year ago. Net cash used in operating activities was $1,473,984,000 against $749,439,000 a year ago. Purchases of property and equipment were $107,653,000 against $91,248,000 a year ago. The company provided earnings guidance for full year 2017. The company announced that it expect free cash flow to be around negative $2 billion in 2017 against negative $1.7 billion in 2016, with free cash flow loss improving sequentially in first quarter of 2017. The company announced that it expects revenue of $2,516 million and contribution profit of $623 million. For the first quarter 2017, the company expects earnings of $0.37 per share.

Netflix, Inc. Provides Earnings Guidance for the Fourth Quarter of 2016

Netflix, Inc. provided earnings guidance for the fourth quarter of 2016. For the period, the company expected adjusted earnings per share of $0.13, nearly double the year-earlier period's $0.07. The estimate for revenue is $2.47 billion, up from $1.82 billion.

Netflix Signs Lease to Fully Occupy all 91,953 Square Feet of Space at its New, Five-Story Office Building called CUE

Hudson Pacific Properties has reported that Netflix has signed a lease to fully occupy all 91,953 square feet of space at its new, five-story office building called CUE. Designed by Gensler, CUE is a Class A, creative office environment, and part of the entertainment production complex Hudson Pacific is building at Sunset Bronson Studios. Also located at Sunset Bronson Studios is the company's recently completed, 14-story, Class A office tower called ICON. Netflix has leased all 323,000 square feet of space at ICON. Hudson Pacific said that the close proximity of its two new office buildings will help facilitate collaboration with Netflix teams working at Sunset Bronson Studios. In September, Netflix signed a multi-year agreement for 99,250 square feet of space at Sunset Bronson Studios for multiple stages and production offices. Netflix has now leased over 500,000 square feet of space from Hudson Pacific in Hollywood.

Similar Private Companies By Industry

Company Name Region
1-800 CONTACTS, Inc. United States
12Degrees Corp. United States
1A Auto, Inc. United States
1SaleADay L.L.C. United States
1stdibs.Com, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Netflix, Inc., please visit www.netflix.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.