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NETFLIX, INC.

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Netflix : expels highest bandwidth streams in Pakistan

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03/30/2020 | 11:32am EDT

Netflix has evacuated the highest bandwidth streams in Pakistan, as well as across Europe and UK due to increasing demand in viewership. The decision has been taken in order to decrease traffic so that more viewers can avail the service.

Vice-President of Content Delivery at NetflixKen Florance said in official announcement that we have built up an approach for reducing Netflix's traffic on telecommunications networks by 25 percent while also maintaining the quality of our service due to COVID-19 emergency So, users should continue to get the quality that comes with their plan, whether it's Ultra-High, High or Standard Definition.

Netflix has made the decision to reduce our traffic on the telecommunications networks in Pakistan by 25 percent while we maintain the quality of service for our members during this crisis.

Netflix wants to make sure that the internet continues to functioning well during this crisis. Netflix typically has wide range of streams for a single title within each resolution. This action means we've simply removed the highest bandwidth streams. So whether you paid for Ultra-High Definition (UHD), High Definition (HD), or Standard Definition (SD), that's the quality you should maintain to get (depending on your device).

He added that we have invested in adaptive streaming and our Open Connect service for for a long time. Netflix's streaming technology dynamically adjusts the video and sound quality based on the available bandwidth - you won't experience buffering either.

Netflix has created Open Connect which puts its own content servers closer to its members' homes. This ensures it can deliver it faster, and at better quality, while with less Internet capacity. Netflix is viewed as the most efficient streaming service on the market.

© Pakistan Press International, source Asianet-Pakistan

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Financials (USD)
Sales 2020 24 745 M - -
Net income 2020 2 934 M - -
Net Debt 2020 10 234 M - -
P/E ratio 2020 65,1x
Yield 2020 -
Capitalization 185 B 185 B -
EV / Sales 2019
EV / Sales 2020 7,87x
Nbr of Employees 8 600
Free-Float 98,4%
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Technical analysis trends NETFLIX, INC.
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Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 444,62 $
Last Close Price 419,73 $
Spread / Highest target 38,2%
Spread / Average Target 5,93%
Spread / Lowest Target -61,9%
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Managers
NameTitle
Wilmot Reed Hastings Chairman, President, & Chief Executive Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
Jay Crandall Hoag Lead Independent Director
Richard N. Barton Independent Director
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