In its 2021 Annual Report, Netflix noted that, Revenues denominated in currencies other than the U.S. dollar account for 57% of the consolidated amount [consolidated revenues] for the year ended December 31, 2021...Accordingly, changes in exchange rates, and in particular a weakening of foreign currencies relative to the U.S. dollar may negatively affect our revenue and operating income as expressed in U.S. dollars.

1) Explain the type or types of foreign exchange exposure that Netflix might be exposed to here. Should Netflix and Netflixs shareholders be concerned about this type or these types of FX exposure? Explain why they should or should not be.