They only have several thousand videos. Each one has some sort of process that it goes through to be included in their service. Someone decides which screenshots will be shown, edits the intro video, writes the synopsis, etc.
[0] https://outline.com/BjsXnF
[1] https://medium.com/an-attempt-at-writing/netflixs-skip-intro...
Edit: looks like these sequence fingerprinting patents might be relevant: https://patents.google.com/patent/US20190028525A1/en https://patents.google.com/patent/US9418296B1/en