Is Netflix Profitable?

About Netflix

Netflix was founded by Reed Hastings and Marc Randolph in 1997 and is an American streaming platform that offers series, movies and its own original content.

Netflix First Became Profitable in..

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.

Financial Performance Of Netflix

In 2017 their financial performance was modest at $11.7 billion, but just in five years, in 2022, they were able to reach $31.616 billion, showing a 170% year-over-year increase.

2022 Netflix Profit

In 2022, Netflix made $4.49 billion net profit, showing a decline in income for the first time since 2015.

Netflix Annual Revenue By Region

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

Netflix Annual Subscribers

In the first quarter of 2022, Netflix saw its first decline in subscriber count.

Is Netflix Profitable?

The company’s latest financial performance in 2022 reveals that Netflix made a net profit of $4.49 billion (decline of 12.2% from previous year) by generating staggering revenue of $31.616 billion.