5 Biggest Broadcasting Companies in the World

3. Netflix, Inc. (NASDAQ:NFLX)

Market Cap: $114.28 billion

Netflix, Inc. (NASDAQ:NFLX) is one of the world’s biggest entertainment services, with over 222 million paid subscribers in over 190 countries enjoying TV shows, documentaries, feature films, and mobile games in various genres and languages. Netflix, Inc. (NASDAQ:NFLX) started selling and renting DVDs by mail in 1997. After a year, Netflix, Inc. (NASDAQ:NFLX) focused on the DVD rental business. However, the company launched streaming media and video on demand in 2007 and has become a pioneer in this segment ever since.

Netflix, Inc. (NASDAQ:NFLX) ‘s revenue for 2021 stood at $29.6 billion, a rise of 18.8% YoY from $24.9 billion in 2020.

Here is what Polen Capital has to say about Netflix, Inc. (NASDAQ:NFLX) in its Q3 2022 investor letter:

We have spent months analyzing Netflix, Inc. (NASDAQ:NFLX) ‘s ability to monetize shared passwords, as there are over 100 million households that use, but do not pay for, Netflix. We believe Netflix has outlined reasonable plans for cracking down on password sharing and now expect the company to be able to monetize roughly 30% of that user base in the short term, which has the potential to add billions of dollars to annual free cash flow. In addition, we have analyzed the opportunity for an advertising-supported subscription model, and Netflix has also made meaningful progress in this area by partnering with Microsoft and attracting new digital advertising talent. .… (Click here to read the full text)