May 19, 2003

Netflix CEO to Present at Goldman Sachs Fourth Annual Internet Conference

LOS GATOS, Calif., May 19, 2003 - Netflix Inc. (Nasdaq: NFLX), the world's largest online subscription-based DVD rental service, today announced that Reed Hastings CEO and co-founder will be presenting at the Goldman Sachs Fourth Annual Internet Conference. The conference will be held at The Venetian Hotel, Las Vegas, Nevada on May 21 and 22, 2003. Mr. Hastings will present on Wednesday, May 21, 2003 at 10:45 Pacific Time.

The live web cast will be available on the investor relations page of the Netflix web site at http://www.netflix.com beginning at 10:45 Pacific Time on, Wednesday, May 21, 2003.

About Netflix

Launched in 1998, Netflix is the world's largest online movie rental service, providing more than one million subscribers with access to a comprehensive library of more than 15,000 DVD titles. For $19.95 a month, Netflix subscribers can rent as many DVDs as they want, with three movies out at a time, and keep them for as long as they like. There are no due dates and no late fees. DVDs are delivered directly to the subscriber's address by first-class mail from shipping centers throughout the United States. Netflix can reach more than half of its subscribers with generally next-day delivery. The company also provides background information on DVD releases, including critic reviews, member reviews and ratings and personalized movie recommendations. For more information on the company, visit www.netflix.com.

Contact:
Barry McCarthy
CFO
(408) 317.3700

Lynn Brinton
Director, Corporate Communications
(408) 317.3726


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