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After CEO Reed Hastings announced in late 2011 that the company would split its company into two different services, Netflix’s worth as a company tumbled and so did profits. However, the company reported the highest net income in its history in 2014 and has remained relatively steady in the years since.
Therefore, in 2012, net income dropped more than 13 times, as the company only earned 17.15 million U.
Along with Brazil, Germany, Mexico, Canada, and the United Kingdom are also important markets for Netflix.
Since the development and expansion of its streaming service, Netflix has accumulated tens of millions of streaming subscribers worldwide.
As the popularity of Netflix's streaming service has increased, the company has seen its DVD section decline.
In 2017, there were 3.38 million subscribers to Netflix's DVD rental service in the United States, a decline from 11.17 million in 2011.