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.
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News about Netflix
It wants to transition users from a free model to a paid model.
Netflix has come a long way since "House of Cards."
Far more films than its biggest studio competitors.
The move could make it more difficult to gauge whether the change is stoking corporate investment in the U.S.