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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001819156</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



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        <issuerInfo>
            <issuerCik>0001065280</issuerCik>
            <issuerName>NETFLIX, INC.</issuerName>
            <secFileNumber>001-35727</secFileNumber>
            <issuerAddress>
                <ns2:street1>121 Albright Way</ns2:street1>
                <ns2:city>Los Gatos</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>95032</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>4085403700</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>JEFFREY WILLIAM KARBOWSKI</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>480</noOfUnitsSold>
            <aggregateMarketValue>474465.60</aggregateMarketValue>
            <noOfUnitsOutstanding>427757100</noOfUnitsOutstanding>
            <approxSaleDate>02/25/2025</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>02/25/2025</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of Stock Options</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>480</amountOfSecuritiesAcquired>
            <paymentDate>02/25/2025</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for JEFFREY WILLIAM KARBOWSKI</name>
                <address>
                    <ns2:street1>121 Albright Way</ns2:street1>
                    <ns2:city>Los Gatos</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>95032</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/04/2025</saleDate>
            <amountOfSecuritiesSold>160</amountOfSecuritiesSold>
            <grossProceeds>160000.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for JEFFREY WILLIAM KARBOWSKI</name>
                <address>
                    <ns2:street1>121 Albright Way</ns2:street1>
                    <ns2:city>Los Gatos</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>95032</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>01/30/2025</saleDate>
            <amountOfSecuritiesSold>480</amountOfSecuritiesSold>
            <grossProceeds>473640.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>02/25/2025</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>10/29/2024</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Jeffrey William Karbowski</signature>
        </noticeSignature>
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144
0001819156
XXXXXXXX
LIVE
0001065280
NETFLIX, INC.
001-35727
121 Albright Way
Los Gatos
CA
95032
4085403700
JEFFREY WILLIAM KARBOWSKI
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
480
474465.60
427757100
02/25/2025
NASDAQ
Common
02/25/2025
Exercise of Stock Options
Issuer
N
480
02/25/2025
Cash
N
10b5-1 Sales for JEFFREY WILLIAM KARBOWSKI
121 Albright Way
Los Gatos
CA
95032
Common
02/04/2025
160
160000.00
10b5-1 Sales for JEFFREY WILLIAM KARBOWSKI
121 Albright Way
Los Gatos
CA
95032
Common
01/30/2025
480
473640.00
02/25/2025
10/29/2024
/s/ Jeffrey William Karbowski