Introduction
Netflix is one of the most popular media service provider and production companies that offers a wide range of TV series, films, and documentaries across a wide variety of genres and languages. Before learning about Netflix net worth let’s learn more about Netflix. You can watch numerous movies and TV shows. It is an American entertainment company that has a net worth of billion dollars, and it has revolutionized television viewing. Netflix has been nominated four times for Grammy awards, and seven times for the Oscars indirectly increasing net worth of Netflix.
The platform has revolutionized the way people watch movies and TV shows. It produces original series and films as compared to other network or cable companies. You can binge-watch any movies or series on any device including set-up boxes, tablets, and phones. Currently, Netflix net worth is $228,60 billion with 150 million paid subscribers all across the globe.
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History
Marc Randolph and Reed Hastings, the two serial entrepreneurs founded Netflix on August 29, 1997, in Scotts Valley, California, and now it has become one of the world’s largest entertainment platforms. Initially, Netflix was solely a movie rental service. Netflix was the world’s first online DVD rental store and was first launched on April 14, 1998, and it started as a website service. Users would receive DVDs in the post when they ordered movies on the Netflix website, and later would they would post them back to Netflix in the envelopes after they finished watching them. In 1998, Netflix launched Netflix.com which is the first DVD and sales site, and it was based on pay-rental modal. In September 1999, they started offering unlimited DVD rentals at a very low monthly price by introducing monthly subscription services.
Netflix reached 1 million subscribers in 2003 leading to rapid increment, and today it has more than 151 million paid subscribers in numerous countries around the world with an increase in net worth of Netflix in few years. By knowing how much is Netflix’s net worth in today’s time, one can know the popularity of the platform. So, one can easily know the success of the company by knowing how much is Netflix’s net worth.
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Net Worth
Netflix net worth has grown tremendously with the rise in the number of subscribers all across the globe. If you want to know how much is Netflix worth, then you know by looking at how the company’s annual revenue reached 25 billion U.S dollars and had a total net worth of 2,76 billion dollars in 2020. The net worth was $2.761 billion in 2019 which continued to grow in recent years and reached 204 million in the fourth quarter of 2020. Here is how much is Netflix worth in past 5 years.
| No. | Year | Netflix Net Worth |
|---|---|---|
| 1 | 2020 | 2.76 Billion USD |
| 2 | 2019 | 1.86 Billion USD |
| 3 | 2018 | 1.21 Billion USD |
| 4 | 2017 | 558.96 Million USD |
| 5 | 2016 | 186.68 Million USD |
Growth
Netflix has 203.67 million subscribers across the globe, and the number of paying subscribers has grown by 21.9 % over the last 12 months. It had 24.30 million subscribers in 2011 and the paying members increased to 203.66 million in 2020. The market cap of the company is over $200 billion. According to the estimated data, most popular original video content series are produced by Netflix. It is estimated that an average US adult spends 30 min watching Netflix every day.
The company is a global brand and provides its content to a diverse group of customers from various cultural platforms. The company could see rapid growth as it always focused on serving original content and enhancing the user experience, and today Netflix net worth of $125 billion.
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Conclusion
Netflix worth of Netflix is $20 billion in 2021, with the figures set to increase as innovations keep happening and increasing net worth of Netflix. The platform is well-known for its best-quality original shows reaching numerous fans all across the globe. Various shows like stranger things, ‘13 reasons why, and ‘Orange is the New Black’ are the most preferred shows by the audience. If you want to know how much is Netflix worth, then you can enquire about how the company’s worldwide content budget surpassed 12 billion U.S dollars in 2018.