Founded in 1997 by Reed Hastings and Marc Randolph, Netflix, Inc. NFLX has evolved over time and adopted with changes in technology and consumers' desire to watch what they want, when they want and how they want.
What Happened
Here are five fun facts about Netflix's evolution over time, courtesy of Statista.
- Netflix had only 39 employees and offered 925 movies for DVD rental in 1998. As of 2017, the company had 5,500 employees and users watched 140 million hours of programming on a daily basis.
- Netflix hit the $1-billion revenue mark for the first time in 2014. By 2017, it soared to $11.69 billion.
- Netflix is available in every country except for China, Crimea, North Korea and Syria.
- Netflix users in Switzerland pay the most, at $11.90 a month for the basic package, while Mexican users pay the least at $5.03 monthly.
- TV is by far the most popular viewing device at 70 percent, followed by PCs at 15 percent, smartphones at 10 percent and tablets at 5 percent.
You will find more infographics at Statista.
Related Links:
Nintendo's Switch-Fueled Turnaround Illustrated In One Chart
Poll: Amazon The Most Trusted Name In Big Tech, Facebook Now The Least
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in