The company says it has delivered more than 5 billion DVDs since 1998.
, which noted its streaming service added 1.75 million subscribers in the first three months of 2023—its third consecutive quarter of increases after losing subscribers in the first half of 2022.$1.31 billion. That’s how much Netflix reported in first-quarter earnings this year, slightly exceeding the $1.3 billion projected by analysts. The company logged $8.16 billion in revenue, falling just below an expected $8.18 billion.
Netflix, founded by Reed Hastings and Marc Randolph, launched in 1998 as a DVD rental and sales site. The company released a subscription service the following year, allowing subscribers to request DVDs by mail without due dates or late fees. Netflix then created its streaming service in 2007, with a subscription service that was combined with DVD delivery. The company split the two services in 2011, following the collapse of popular video retailer Blockbuster. DVD.
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