The video streaming service leaped 53 spots to No. 261 on this year’s Fortune 500 as revenue ballooned 32.4%, profits soared, and its market cap topped $100 billion for the first time. In its 21st year in business, Netflix had its best-ever quarter in terms of new subscribers when it added 8.33 million in Q4 for a total of 24 million new memberships for the year. That growth is being driven, in part, by hit original series like The Crown, Black Mirror, and Stranger Thing, which have cemented Netflix’s dominance in the video content space.
Looking for leads, investment insights, or competitive intelligence?
News about Netflix
Disney and Comcast, are projected to spend $1 of every $5 spent on content worldwide.
A compiled list of what's coming and leaving Netflix.
The stocks of the five tech giants are down between 20% and 39% from their record highs.