TacticScaleWhat Netflix Does & How It Makes Money (NFLX)
Updated October 2026 · reflects Netflix's latest reported financials
Global subscription streaming service for TV shows, films, games, and live programming. Netflix earns money mainly from membership fees paid by subscribers for access to its streaming library of TV series, films, games, and live programming.
How Netflix makes money
Netflix earns money mainly from membership fees paid by subscribers for access to its streaming library of TV series, films, games, and live programming.
What Netflix does
Netflix, Inc. is a worldwide entertainment service that delivers TV series, documentaries, feature films, games, and live programming across many genres and languages. Members watch on a wide range of internet-connected devices, including smart TVs, digital video players, set-top boxes, and mobile devices, so the service goes wherever there's a screen and a connection. Netflix was incorporated in 1997 and is headquartered in Los Gatos, California. Its offering now spans on-demand video, live programming, and games, which puts it at the center of the shift from traditional television to internet-delivered entertainment.
Products & services
- Netflix streaming service
- TV series and documentaries
- Feature films
- Netflix games
- Live programming
What is Netflix worth?
On an owner-earnings DCF, Netflix's most-likely value is about $92 versus a recent price near $70 (31% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$30) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
The Walt Disney (DIS) · Comcast (CMCSA) · Roku (ROKU) · Fox (FOXA) · Fox (FOX)