There are two different video file formats known as Flash Video: FLV and F4V. The audio and video data within FLV files are encoded in the same manner as they are within SWF files. The F4V file format is based on the ISO base media file formatand is starting with Flash Player 9 update 3.
Is a media container format designed for streaming over the Internet. Used on popular video hosting sites. Video is usually stored in h.263 and h.264 formats, audio is a in MP3 or other less popular codecs. FLV-file format is a bit stream, which provides high-quality image even at low bit rates.