Wondering about the net worth of Netflix? Well, check out here Netflix’s net worth, current stats, journey and a lot more.
Netflix is a very popular US based pay television and a production company. Netflix provides video on demand services to paid subscribers. About 40% of the content offered to its customers by this firm are original programs produced in-house.
In 2021 currently, Netflix has more than 214 million subscribers from the United States, Canada, Europe, Middle East Countries, Africa, Latin America, and Asia-Pacific.
With its headquarters in Los Gatos, California, Netflix is a member of the MPA (Motion Picture Association) and an independent film distributor too. Reed Hastings and Marc Randolph founded Netflix in Scotts Valley, California in 1997.
How much is the net worth of Netflix?
Netflix is the world’s most popular entertainment service. It’s current net worth is estimated at $224.27 billion in November 2021.
Netflix is the largest media company in terms of market capitalization. On the list of Fortune 500 companies, Netflix stands in the 164th position and Forbes Global 2000 has placed it in the 284th position.
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Morning Consult has ranked Netflix as the world’s eighth most trusted brand on account of Netflix popularity. Around 2010, the total return of Netflix stocks in the S&P 500 stock market index was 3,693%.
Net Worth Of Netflix
Netflix’s net worth in 2021 is estimated at $244.27 billion. The average share price of Netflix is $539.84 and the firm has 452494000 outstanding shares. The product of these two figures works out to $244.27 billion which is taken as the net worth of the company. In the first quarter of 2021, the net worth of Netflix stood at $240.41 billion.
Netflix’s net worth touched the tallest figure in the 3rd week of 2021 when it was valued at $252.618 billion. The firm reported its lowest net worth in the 19th week of 2021 valued at $221.432 billion.
Netflix is among the large-cap companies of the world. It is ranked in the 20th position on the S&P 500. A PwC report issued in May 2021 ranks Netflix in the 36th position among the firms with the largest market capitalization. While the firm’s share prices have been fluctuating this year, the highest value achieved by the firm’s stock was $665.46.
The key driving factors that help Netflix to shoot up its net worth are the original series, non-fiction genres, US as well as international markets, animated films and live action films, interactive games line including ‘Stranger Things’ and ‘Black Mirror: Bandersnatch”.
When Reed Hastings and Marc Randolph together founded Netflix in 1997, they would never have imagined such a massive future for their media and entertainment firm.
The primary objective of founding this firm was to home deliver video content over the internet through a steady and continuous streaming. Netflix only uses the facilities provided by its service providers and dispenses the content like television sequences and original videos.
Initially, Netflix only sold DVDs. The customers also started purchasing movies through mails receiving eh movies through postal service. Within a few years, the firm invested in digital mode of storing and transmission. This advancement meant the firm could now save huge data in more resolutions and the technology is known as Blue Ray. Parallel to this, Netflix also maintained the DVD sale.
Starting its content producing venture, Netflix debuted its first series in 2012 known as Lilyhammer. Following this development Netflix has been expanding its ventures into movies and TV productions. Netflix has broadcasted more than 126 unique sequences. By 2016, Netflix services were offered in more than 190 countries.
A research into the journey of Netflix shows the firm landed on a debt crisis of $20 billion. However, the firm has successfully escaped the debit situation and could steer its growth towards profitability.
Net worth of Netflix Founders
Reed Hastings and Marc Randolph together founded Netflix in 1997. With the founding of this entertainment and media giant, they have revolutionized the way the world is entertained.
Netflix has established itself as the largest player in the entertainment industry with the most impressive market cap that has clearly overtaken those of the major players in this industry segment. It is quite interesting to know the net worth of Netflix owners.
Netflix went public in 2002 and Reed Hastings the co-founder and CEO of Netflix own about 1% of Netflix. Forbes values Reed Hastings net worth in 2021 at 6.1 billion.
While co-founding the company, Hastings sold his first company Pure Software in a lucrative deal to Rational Software. In 2014, Reed Hastings received the Henry Crown Leadership award for his commendable works in the domains of business and philanthropy.
Hastings has spent a big chunk of his earnings on educational reforms. He gave away @120 million in donation to fund the scholarships for Black college students. This fund was also used to build a training camp for teachers in Colorado spanning over 2,100 acres.
Marc Randolph, the co-founder of Netflix who is also a successful entrepreneur, consultant and speaker, has also been able to amass a huge wealth mainly from the worth of his stake in the firm. His net worth in 2021 is valued at $1.2 billion. Marc Randolph has also partnered with Mitch Lowe in the creation of a movie kiosk which eventually became Redbox.
One other big name in the Netflix family is Red Hastings who is credited with a $5 billion net worth. From the trust, he has $5.5 million indirect shares and from stocks, he has 10.06 million. He earns 2.28% from any profit that Netflix makes.
One another independent investor Ted Sarondos who is also the chief content officer at Netflix and he owns 490,692 shares in the firm.
2021 Stats for Netflix
Netflix has shown a phenomenal performance in 2021. Its revenue has continued to grow in 2021 and the firm has made $7.483 billion during Q3. The revenue growth over last year is 16.3%. The quarterly earnings per share in Q3 is $3.19 which is up from the quarterly earnings of $2.97 reported last year.
The firm has bagged an operating margin of 23.5% in the quarter. The streaming memberships globally numbers 213.56 million which is a 9.4% rise when compared to the previous year.
Netflix’s Global Reach
Netflix is available globally across most countries accepting a few. The statistics on Netflix’s 214 million subscribers in 2021 shows 74 million from the US and Canada put together, 70 million from Europe, Africa and the Middle East Countries, 39 million from Latin America, and around 30 million in Asia-Pacific.
Netflix services are available worldwide except in China on account of local restrictions. The US sanctions do not permit Netflix to serve Syria, North Korea and Crimea. The Two CEOs of Netflix Hastings and Ted Sarandos operate from Los Gatos and Los Angeles respectively.
Considered as a Silicon Valley company, the international offices of Netflix are located in Europe, Asia, and Latin America in countries like Canada, France, Netherlands, Brazil, Japan, India, the United Kingdom and South Korea. The broadcasting firm’s production hubs include Los Angeles, Vancouver, Albuquerque, Toronto, London, and Madrid.
Netflix Net Worth Vs Disney Net Worth
Disney is one of the most prominent rivals of Netflix in the media. As the world’s biggest entertainment firms, they are the biggest competitor threat to each other. Netflix is one of the most powerful services in the history of television.
With a net worth more than any other entertainment firm, Netflix has long back overtaken the net worth of Comcast and AT&T.
In 2020 November, Walt Disney’s net worth was $226 billion. Around the same time, Netflix was worth $219.5 million. However, since the start of 2000, Netflix’s stock was up by 53% while Disney’s saw a downward trend of around 14%.
Over the years between 2016 and 2020, Netflix stock prices increased by 260%. The price rise from $124 of 2016 to $448 towards noted in 2020 was an impressive boost for Netflix. During the same period, Disney’s stocks saw only 18% rise.
Netflix is one of the few firms that saw the Covid-19 pandemic situation work to their advantage. The worldwide restrictions due to the viral spread spiraled up the number of customers subscribing to Netflix services.
In April 2020, the market cap of Netflix stood at $187.3 billion while that of Disney was valued at $186.6 billion. Therefore, it is clear that Netflix’s net worth has long back overtaken that of Disney.
Two major hits in the entertainment industry, Disney and Netflix have taken two different kinds of approaches to what and how they deliver the content to their subscribers.
Netflix revenues are mainly from the paid subscriptions. On the other hand, Disney has adopted a diversified approach depending on tourism and proceeds from the sale of merchandise. Traditionally, this diversity has been the main factor that has been pushing its profits on the upward curve.
However, the pandemic scene worked in favor of Netflix as the subscriptions showed a spiking upward surge as more people sought to be entertained from their homes. Disney on the other hand had to shut down the theme parks due to Covid-19 restrictions and had been delaying the film releases.
Lightshed partner and analyst Rich Greenfield said, though Netflix has had to halt production during the pandemic, as the firm has a lot of content in the pipeline than any other media firm in the industry now.
Awards Won by Netflix
In addition to enjoying worldwide popularity and attracting subscriptions from around the world, Netflix has also bagged hundreds of prestigious awards and nominations.
Some of the notable awards given to Netflix include 54 Academy Award nominations and 15 wins, 2 ВАFТА Fіlm Аwаrd nominations and 1 win, 21 ВАFТА Теlеvіѕіоn Аwаrdѕ nominations and 3 wins, 26 Golden Glоbе Аwаrdѕ nominations and 12 wins, 56 Dауtіmе Еmmу Аwаrdѕ nominations and 53 wins.