Netflix was founded in 1997 as a DVDs-by-mail rental service, and it expanded into online streaming a decade later.
Over the years, streaming has changed the way Americans and viewers worldwide watch movies and TV shows, and Netflix has become the largest paid subscription streaming service
Here’s a close look at how Netflix has rewarded stockholders with stock repurchases since it went public in 2002. When did Netflix start repurchasing its shares? Netflix underwent its initial public offering in 2002, and a few years later, in 2008, the company started buying back its shares.
Initially, it repurchased $200 million worth of its stock. How much stock has Netflix repurchased? Netflix bought back its shares in roughly two periods since its first repurchase in 2008.