The global spread of the coronavirus (COVID-19) has created significant volatility, uncertainty and economic disruption.

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Temporary production pauses or permanent shutdowns in production could result in content asset impairments or other charges.

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The global economy is likely to be significantly weakened as a result of the actions taken in response to COVID-19.

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The relative service levels, content offerings, pricing and related features of competitors to NETFLIX INC's service may adversely impact the company's ability to attract and retain memberships.

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Members cancel the service for many reasons, including the need to cut household expenses.

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The market for entertainment video is intensely competitive and subject to rapid change.

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New entrants may enter the market or existing providers may adjust their services with unique offerings or approaches.

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Negotiations or renewals related to entertainment industry collective bargaining agreements could negatively impact timing and costs.

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NETFLix INC are expanding their operations internationally and scaling their streaming service.

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They are also developing technology and utilizing third-party "cloud" computing services.

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As they scale their original content production, they are building out expertise in a number of disciplines, including creative, marketing, legal, finance, licensing, merchandising.

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NETFLIX Inc rely upon a number of partners to make their service available on their devices.

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If partners or other providers do a better job of connecting consumers with content they want to watch, the service may be adversely impacted.

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It is subject to payment processing risk and may not be able to pay its customers on time for their content.

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NETFLIX INC rely on internal systems as well as those of third parties to process payment.

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Acceptance and processing of these payment methods are subject to certain rules and regulations.

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Changes in laws or regulations that adversely affect the growth, popularity or use of the internet could decrease the demand for NETFLix INC's service.

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NETFLIX INC's ability to provide its members with content depends on studios, content providers and other rights holders licensing rights, including distribution rights.

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Certain licenses for content provide for the studios or other content provider to withdraw content from the service relatively quickly.

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As competition increases, the cost of certain programming will increase.

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NETFLIX INC currently hold various domain names relating to its brand, including Netflix.com.

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Failure to protect these domains could adversely affect the company's reputation and brand.

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Intellectual property claims could be costly and result in the loss of significant rights.

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The company has not searched patents relative to NET Flix Inc's technology.

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Cyber-attacks include computer viruses, denial of service attacks, physical or electronic break-ins and similar disruptions.

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Efforts to prevent hackers from disrupting NetflIX's services are expensive to develop, implement and maintain.

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NETFLIX INC utilize a combination of proprietary and third-party technology to operate its business.

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If Internet Service Providers do not interconnect with NET FLIX'S CDN or charge NET Flix to access their networks, the company's ability to efficiently and effectively deliver content could be adversely impacted.

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Privacy concerns could limit NETFlIX's able to collect and leverage member personal information and other data.

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Netflix Inc. does not carry insurance against the risk of a data Breach.

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It may face legal claims or regulatory fines or penalties for such a breach.

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Long-term and largely fixed cost nature of content commitments may limit NetFlix INC's operating flexibility.

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require more up-front cash payments than other content licenses or arrangements whereby NETFLIX INC do not cashflow the production of such content.

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Long-term and fixed-cost nature of content commitments may limit flexibility in planning for, or reacting to changes in the business and the market segments in which the company operates.

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If the financial markets become difficult or costly to access, the ability to raise additional capital may be negatively impacted.

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The interest rate of borrowings under NETFLIX INC's revolving credit agreement makes reference to an adjusted London interbank offered rate ("LIBO Rate") It is possible that beginning in 2022, the LIBO rate will be discontinued as a reference rate.

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The ability to make payments on debt will depend on financial and operating performance.

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The price of the company's common stock has fluctuated significantly.

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Tax authorities are increasingly scrutinizing the tax positions of companies.

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Labor disputes may have an adverse effect on the Company’s business.

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Forecasts of NetFlIX Inc's revenues, operating margins, net income and other financial and operating data may be inaccurate.

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Such discrepancies could cause a decline in the trading price of NET FLIX's common stock.

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Litigation disputes can be expensive, time-consuming and distracting.

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If any of the following risks actually occur, NETFLIX INC's business, financial condition and results of operations could be harmed.

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Competitors include other entertainment video providers, such as MVPDs, and streaming entertainment providers.

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The market for entertainment video is intensely competitive and subject to rapid change.

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Piracy, in particular, threatens to damage NETFLIX INC's business.

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The ongoing coronavirus (COVID-19) pandemic and the various responses to it may continue to impact the business and results of operations.

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As a producer and distributor of content, NETFLIX INC face potential liability for negligence, copyright and trademark infringement.

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As a result, the company may decide to remove content from its service or discontinue or alter production of original content.

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NetFlix Inc's ability to establish and maintain apositive reputation may be adversely impacted.

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The risks associated with such acquisitions or investments include the difficulty of integrating solutions, operations, and personnel.

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Failure to realize anticipated benefits and expected synergies.

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The adoption or modification of laws or regulations relating to the internet or other areas of the business could adversely affect the manner in which the company conducts its business.

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Governments are increasingly looking to introduce new or extend legacy regulations to these services.

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Changes in laws or regulations that adversely affect the growth, popularity or use of the internet, including laws impacting net neutrality, could decrease the demand for NETFLIX INC's service.

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If studios, content providers and other rights holders refuse to license streaming content or other.

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rights upon terms acceptable to NET flix INC, the company's business could be adversely affected.

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Music and certain authors’ performances contained within content NETFLIX INC distribute may require licenses for such distribution.

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Failure to reach such licensing agreements could expose NET FLIX Inc to potential liability for copyright infringement.

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Third parties may challenge any copyrights, patents or trademarks issued to or held by NET flix Inc.

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Third parties allege that NET FLIX Inc have infringed or otherwise violated their rights.

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Defending ourselves against intellectualproperty claims, whether they are with or without merit, results in costly litigation and diversion of technical and management personnel.

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NETFLIX Inc's computer systems and those of third parties are subject to cybersecurity threats.

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Cyber-attacks include computer viruses, denial of service attacks, physical or electronic break-ins and similar disruptions.

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Efforts to prevent hackers are expensive to develop, implement and maintain.

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If the technology used in operating the business fails, is unavailable, or does not operate to expectations, the company's business and results of operation could be adversely impacted.

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Changes in how network operators handle and charge for access to data that travel across their networks could adversely impact NET FLIX'S business, financial condition and reputation.

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Long-term and largely fixed cost nature of content commitments may limit the operating flexibility and could adversely affect the company's liquidity and results of operations.

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There is no current insurance against the risk of a data Breach.

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Long-term and fixed cost nature of the content commitment may limit the flexibility in planning for, or reacting to changes in the business and the market segments in which the company operates.

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As of December 31, 2021, the Company had approximately $7.4 billion of total content liabilities.

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NETFLIX INC may be unable to attain a level of cash flows from operating activities sufficient to permit it to pay the principal, premium, if any, and interest on its debt, including the Notes.

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Any refinancing or restructuring could have a material adverse effect on the company's business, results of operations, or financial condition.

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Tax laws are being re-examined and evaluated globally.

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Investors in the stock may not be able to resell their shares at their original purchase price or above.

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This type of litigation may result in substantial costs and diversion of management’s attention.

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Forecasts of NetFlIX's revenues, operating margins, net income and other financial and operating data might differ.

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Such discrepancies could cause a decline in the trading price of NET FLIX Inc's common stock.

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