Is Netflix Profitable?

About Netflix

Netflix is an American streaming platform that was founded by Reed Hastings and Marc Randolph in 1997.

Here's When Netflix First Became Popular

Netflix became popular for the first time in 2003 when it made staggering profits of $6.5 million on a reported revenue of $272.24 million.

Netflix Annual Revenue by Region

Netflix makes most of its revenue from Us & Canada followed by EMEA, Latin America & Asia-Pacific regions.

Netflix Revenue

reported revenue of $31.6 billion in 2022, showing a 6.7% increase year-on-year.

Netflix Gross Profits

The gross profit of Netflix for the quarter ending March 31, 2023, was $3.358B showing a decline of 6.28% decline year-over-year.

Is Netflix Profitable?

Netflix became profitable for the first time in 2003, and ever since its inception, Netflix has been growing at an impressive rate.