Privately owned coconut, headquartered in the US, was founded in 2007. The company, with approximately 10 employees, reported $500,000 in revenue as of 2024. It specializes in video processing and playout, functioning as a provider of cloud-based video transcoding solutions.
On March 27, 2025, a report noted that Netflix integrated the AV1 codec alongside HDR10+, resulting in a potentially enhanced viewing experience. On April 1, 2025, another report discussed the increasing importance of video codecs in various sectors due to rising video consumption. On April 15, 2025, a separate report discussed edge computing and its potential to improve OTT video delivery by reducing latency. Finally, on an unspecified date, Thai Coconut Public Company Limited reported first-quarter earnings for 2025, with revenue reaching THB 1550.55 million.