Netflix is headquartered in Los Gatos, California, United States, and is a media services provider and producer.

Netflix was Launched in 1997 in California. Netflix subscription service launched in 1999.

Netflix is the second largest entertainment/media company by market capitalization as of February, 2022.

The company is ranked 115th on the Fortune 500 and 219th on the Forbes Global 2000.

Netflix service is available in Japan, India, New Zealand, Australia, North America, South America, and parts of Europe.

Netflix adds 8.3 million subscribers less than expected in Quarter 4

Netflix adds 8.3 million subscribers less than expected in Quarter 4

Netflix stock fell 25.87% last month. Netflix recently estimated that the company will add almost 2.5 million subscribers in the 1st quarter of 2022, but this number is almost 40% down from the same quarter last year when it was 4 million.

Netflix’s customer acquisition growth still hasn’t reached pre-Covid levels. Further, the operating margin of the company was 14.4% in Q4 FY20, and 8.2% in Q4FY21.

The company was expecting almost 8.5 million subscribers in Q4 FY21 but the company was able to add only 8.3 million subscribers.

Netflix’s Co-CEO Reed Hastings bought shares of about $ 20 million in the company.

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