In 2024, the total revenue of the video streaming platform Netflix amounted to approximately 39 billion U.S. dollars, having grown from 5.5 billion U.S. dollars a decade ago. The American media company's net income in 2023 stood at 8.7 billion U.S. dollars, with a total of 14,000 employees working at the company worldwide. The fiscal year end of the company is December 31. Netflix annual revenue – additional information Netflix has been very successful in the last few years. The company not only leads the subscription streaming market in the U.S., but is effectively expanding its service outside North America. Along with gaining numerous subscribers worldwide, Netflix has managed to produce and distribute high-profile original shows, such as "House of Cards" and "Orange is the New Black," challenging traditional TV networks like HBO and CBS. In 2023, Netflix’s original programs received 103 Emmy Awards nominations, around double the number of nominations received seven years previously. These are just a few indicators of Netflix’s success, which can be measured in a number of ways. Firstly, as seen in the statistic, Netflix’s annual revenue has consistently increased over the years, reaching the highest figure to date in 2023 – 33.7 billion U.S. dollars. This figure is around 10 times higher than Netflix’s annual revenue a decade ago. Netflix's originals The time that consumers dedicate to watching Netflix content is another way of indicating success. One of Netflix’s strategies has been to release TV series in bulk, so consumers are able to binge watch their favorite shows. Indeed, Netflix accounts for the highest share of most in-demand originals among global video streaming services. As a result, Netflix's streaming content obligations have increased from 1.3 billion U.S. dollars in 2010 to over 20 billion U.S. dollars in 2023.

Throughout 2024, Netflix generated approximately 4.84 billion U.S. dollars in revenue with its operations across Latin America, up from 4.45 billion dollars a year earlier – an annual growth of about nine percent. The 2024 figure accounts for around 112.41 percent of Netflix's global revenue that year.

Video streaming giant Netflix had a total net income of nearly 8.7 billion U.S. dollars in 2024, whilst the company's annual revenue reached around 39 billion U.S. dollars. Six years earlier, at the end of 2018, the figure stood at 139 million subscribers. The fiscal year end of the company is December 31. The growth of Netflix Netflix was launched in the United States in 1998, functioning as a digital DVD rental store and placing itself squarely in competition with Blockbuster. The company launched its streaming video service in 2007, and just over a decade later Netflix secured the title of the streaming service with the most subscribers in the world. Investing in own content Netflix now offers a wealth of original content as well as content from niche and emerging directors, multiple foreign-language movies and a significant amount of highly-acclaimed and popular films from Hollywood and other markets. Netflix’s worldwide video content budget surpassed 17 billion U.S. dollars in 2023, marking a nearly three-fold increase since 2016. The streaming platform has become known for its many original shows reaching fans across the globe, including "Stranger Things," "Orange is the New Black," and "13 Reasons Why."

In 2024, Netflix's cost of revenues amounted to 21.04 billion U.S. dollars, up from 19.72 billion in the previous year. The majority of Netflix's cost of revenues is made up of the amortization of streaming content assets, with the rest being comprised of other expenses to do with the acquisition, production, delivery, and licensing of streaming content.

2023 saw Netflix amass approximately 3.76 billion U.S. dollars’ worth of revenue across the Asia-Pacific region alone. Netflix has exhibited dramatic surges in revenue since 2017, when the international video streaming platform reached 575.9 million U.S. dollars’ worth of revenue in the APAC region. Leading platformsAlongside America’s Netflix and Amazon, Asian video streaming platforms are making a powerful entrance into the subscription video on demand (SVOD) industry. Tencent and iQiyi are the dominant Asian video streaming platforms which have experienced significant success within the Asia-Pacific region. Baidu’s iQiyi has displayed a revenue which has more than tripled from 2016 to 2021. Tencent has echoed iQiyi’s achievements with its own, recording significant increases in its net income from 2010 onwards. Nevertheless, competition with Western companies continues to drive Asian video platforms to constantly develop and adapt their own product. While English remains a key, universal language to provide content in, platforms such as Hong Kong’s Viu boasts services in over ten different languages, thus making it a strong contender within the SVOD industry, appealing to a wider audience. Increasing demandAs the world’s biggest region has become more digitalized and connected, Asian citizens are starting to explore the video streaming possibilities within their region. With more disposable income available to larger shares of the population, many countries in the Asia-Pacific region are expected to show increases in the number of pay-tv subscriptions.

In 2023, Netflix spent around 2.66 billion U.S. dollars on marketing activities. This figure increased by over five percent compared to the previous year, when Netflix's marketing expenses amounted to 2.53 billion dollars.

Netflix in numbers

Netflix is one of the most influential SVOD streaming services and entertainment companies worldwide. Initially started as a DVD-by-mail rental service in 1997, the California-based business has since become an undisputed champion in the world of video streaming. In late 2021, Netflix’s revenue surpassed a record 7.7 billion U.S. dollars globally, which is even more impressive considering that viewers can watch unlimited video content from its catalog for a set monthly fee. But as these fees are gradually rising in many parts of the world and competition from platforms such as Disney+ or Amazon Prime is getting tighter every year, the number of Netflix subscribers dipped for the first time in early 2022.

Marketing the Netflix way

Netflix is not only a global trendsetter when it comes to online video streaming, but the company also continues to set new bars for marketing. One of the most vital contributors to Netflix’s multimedia marketing success is its use of social media. The streaming giant can be found across all major social platforms, and in addition to promoting its content with a blend of humor and relatable pop culture references, Netflix also boosts audience engagement by posting polls and challenges. On a more personalized level, Netflix successfully employs user data and browsing behavior for e-mail marketing purposes. The company only notifies its subscribers of upcoming releases that are relevant to them without spamming their inboxes daily.

In 2024, Netflix generated 8.24 U.S. dollars in monthly revenue per paying streaming subscriber in Latin America. This is approximately five percent lower than the 8.66 dollar monthly ARPU recorded one year before. Meanwhile, Netflix's revenue in Latin America increased by nine percent in 2024.

In 2023, the average monthly revenue generated per paying Netflix membership in the Asia-Pacific region was 7.64 U.S. dollars. This marked a decrease from 8.5 dollars in the previous year and was the lowest value within the reported period.

Netflix's global subscriber base has reached an impressive milestone, surpassing 300 million paid subscribers worldwide in the fourth quarter of 2024. This marks a significant increase of nearly 20 million subscribers compared to the previous quarter, solidifying Netflix's position as a dominant force in the streaming industry. Adapting to customer losses Netflix's growth has not always been consistent. During the first half of 2022, the streaming giant lost over one million customers. In response to these losses, Netflix introduced an ad-supported tier in November of that same year. This strategic move has paid off, with the lower-cost plan attracting 70 million monthly active users globally by November 2024, demonstrating Netflix's ability to adapt to changing market conditions and consumer preferences. Global expansion Netflix continues to focus on international markets, with a forecast suggesting that the Asia Pacific region is expected to see the most substantial growth in the upcoming years, potentially reaching around 70.1 million subscribers by 2029. To correspond to the needs of the non-American target group, the company has heavily invested in international content in recent years, with Korean, Spanish, and Japanese being the most watched non-English content languages on the platform.

Streaming giant, Netflix, entered the Indian market as part of its global rollout in 2016, and recorded a revenue of over 28 billion Indian rupees in fiscal year 2024. India’s video streaming market recorded a high growth, with many new players testing the waters. Thanks to the growing internet access in urban as well as rural areas in the country, online video and music streaming services have picked up pace. The global growth of Netflix Netflix’s global net income saw increasing revenues in recent years. The number of streaming subscribers for the company continued to grow in recent years as well. As for the Indian market, it was projected that there would be over 2.3 million Netflix subscribers by 2020. Free content versus subscriptions In terms of active monthly users of streaming platforms, Netflix ranked much lower compared to the Indian streaming services like Hotstar and Jio TV. A possible reason for this could be the reluctance among Indians to pay for streaming services. In a 2017 survey regarding people’s spending choice on digital video streaming platforms, preferring advertising-based offers for online video content. Video streaming services including Netflix, Amazon Prime Video and Hotstar had been pitted against more than 30 Indian rival companies, most of which provide content in regional languages, making it harder to break through the market.

In 2020, there were around 18 million Canadians using Netflix via app or website at least once per month, up from 16.2 million users the previous year. Between 2018 and 2019 the number of Netflix users in Canada increased by nearly three million, with 16.2 million Canadians using Netflix in 2019. The numbers are expected to steadily grow and it has been estimated that by 2025 there will be over 19 million Netflix users in Canada.

Netflix was introduced to Canadian audiences in 2010. By the end of 2011, the online video platform had 1.14 million paying subscribers, and four years later the number was to be roughly four times bigger. With such paying subscriber growth, Netflix revenue was also estimated to increase from 115 million Canadian dollars in 2011 to approximately 447 million in 2015. Geographically, Alberta was the province with the highest penetration of Netflix subscriptions - more than half of the population in the region were subscribing to the video service in 2015. On a national scale, the online video platform was believed to reach 47 percent of the Anglophone Canadian population and 19 percent of the Francophones in the country in early 2015.

At the end of 2024, Over 53 million people in Latin America paid for a Netflix subscription, up from approximately 46 million paying members recorded a year earlier. This represents an annual increase of 15.2 percent. Meanwhile, Netflix's average monthly revenue per paying streaming membership (ARPU) in Latin America dropped by five percent in 2024.

Data on the global subscription video-on-demand (SVOD) market showed that revenue more than quadrupled between 2017 and 2023, growing from 25 billion U.S. dollars to 107 billion U.S. dollars. Further rapid growth is predicted to continue in the future, and by the year 2029, the revenue is expected to surpass 127 billion U.S. dollars.

Industry’s revenue growth to slow down in the future However, the growth is expected to slow down to around 19 percent in the following six years until 2029. The increasing number of platforms made available in the past few years has led the customers to alter their consumption behavior to reduce subscription costs. Recent data from the United States suggests that more and more SVOD consumers opt for cheaper, ad-supported plans. At the same time, subscription cycling – the habit of subscribing to a streaming service to watch only one specific piece of content– has likewise gained popularity among users.

SVOD subscriptions expected to grow further Implementing ad-supported tiers is just one strategy of the industry to make sure that their revenues continue to grow. The combined monthly cost consumers must pay for the leading SVOD services without advertisements in the U.S. has been growing to over 99 U.S. dollars. Despite increasing costs and phenomena like subscription cycling, the overall number of SVOD subscribers is not expected to decline in the future. On the contrary, latest estimates suggest that the biggest players in the industry, such as Netflix, Amazon Prime Video, and Disney+, will all be able to multiply their customer base.

In 2023, the total home video market in the Netherlands generated a revenue of nearly 1.06 billion euros, up from 1.03 billion euros reported in the previous year. Subscription video-on-demand (SVOD) recorded the highest revenues. Netflix and YouTube were the most watched video streaming services in the country in 2024, with domestic providers becoming increasingly popular as well. The gap between TVOD and SVOD in the Netherlands Noticeable in the figures shown here is the large difference between SVOD services such as Netflix and domestic player Videoland versus TVOD. Transactional video-on-demand stands for services like iTunes or Rakuten TV, where customers can, for example, purchase or rent individual movies or series. These services do exist in the Netherlands. Videoland offers this as a feature on its SVOD platform and cinema operator Pathe has TVOD platform Pathe Thuis, where it offers individual purchases for newly released movies. What sets TVOD in the Netherlands apart from SVOD, however, is that Pathe Thuis and television broadcasters KPN and Ziggo do not invest directly in original content. This is where Netflix especially comes in, as Netflix originals were in high demand in the Netherlands in early 2019. The rise of Disney+ in the Netherlands There are more than 50 VOD platforms available in the Netherlands and one of the fastest growing services is Disney+. In 2020, the daily active users of the Disney+ app in the Netherlands was higher than those of Amazon Prime or Pathe Thuis. While no data supports this, it is suspected that the service’s catalog as well as Disney originals such as “The Mandalorian” and "Wandavision" are the main drivers for the popularity of Disney+ in the Netherlands.

As of 2024, Netflix employed approximately 14,000 full-time workers, almost double the number recorded in 2018. With the help of these employees, 2023 proved to be the company’s most successful year to date, bringing in record numbers in terms of annual revenue. The fiscal year end of the company is December 31. Employment at Netflix Since the company’s humble beginning as an online DVD rental platform in 1998, Netflix has grown in both size and scope to become the major player in the entertainment industry that it is today. With operations in nearly every country around the world, Netflix has expanded from an exclusively U.S. based company to a truly global enterprise. Given the progressively global scope of the company’s business over the years, Netflix has begun to create an increasingly diverse base of employees. Diversity in workplace and content creation Employee diversity is particularly important within the entertainment industry as consumers have grown to expect larger companies to provide equal opportunities for minority groups, including an even distribution of men and women in the workplace. Equally, as viewing preferences vary greatly across countries, cultures and languages, in order to appeal to a global audience Netflix must diversify its content from region to region.

In 2023, Amazon Web Services (AWS) generated 90.8 billion US dollars with its cloud services. From 2013 until today, the annual revenue of AWS cloud computing and hosting solutions continually increased.

Amazon - additional information Amazon.com went online in 1995, initially as a book store, and achieved almost immediate success. In 1998 the store expanded to include a music and video store and different other products, such as apparel and consumer electronics in the following years. The company is the undisputed leader of the e-retail market in the United States, ranking ahead of walmart.com and apple.com in terms of revenue.

Amazon Web Services In 2006, AWS launched as a cloud computing platform to provide online services. Amazon Elastic Compute Cloud and Amazon S3, which provide large virtual computing capacity, are the most well-known of these services. The company has dozens of locations in 25 different regions across the world and is continually expanding its global infrastructure to ensure low latency through proximity to the user.

From these data centers, Amazon is offering more than 200 fully featured services to its global customer base. Video streaming service Netflix is one of AWS’s largest customers, using Amazon’s services to store their content on servers throughout the world. Among its more than one million active users, AWS also lists other well-known organizations from various industries, such as Disney, the UK Ministry of Justice, Kellog’s, Guardian News and Media, and the European Space Agency.

Forecasts made in late 2017 suggest that by 2023 the United States will have the highest number of Netflix subscribers in the world, with sources anticipating a total of 69.1 million subscribers in the country by this time. Given that the United States was the leading Netflix market worldwide in 2018 with over 64 percent of digital video viewers watching Netflix at least once per month, the predictions for 2023 could indeed come to fruition.

Following closely behind will be the United Kingdom with around 12 million subscribers, whereas Mexico, France and India are all expected to have fewer than six million Netflix subscribers by 2023.

Netflix’s global position

With a wealth of original content flooding onto the platform every month, Netflix has established itself not only as an industry leader when it comes to sourcing existing content for its subscribers to enjoy, but also in terms of its dedication to creating quality shows of its own. Some of the most successful shows in the market include Netflix originals, such as ‘Orange is the New Black’ and ‘Stranger Things’.

According to its company reports, Netflix’s worldwide subscribers in early 2019 amounted to over 155 million, more than triple the number recorded five years earlier. As well a subscriber increase, the company also announced further growth in its average monthly revenue per paying customer worldwide. Estimates foresee a growth in Netflix subscribers not only in North America and Western Europe, but also a surge in Netflix subscribers in Latin America over the coming years, as well as significant increases in developing markets.

This statistic presents a ranking of the leading e-retailers in the United States in 2017, sorted by annual net e-commerce sales. In 2017, market leader Amazon.com, Inc. generated over 54.47 billion U.S. dollars via e-commerce sales of physical goods in the United States. Online shopping is one of the leading digital activities in the United States - in 2017, U.S. consumers spent over 409 billion U.S. dollars online. In 2022, U.S. e-retail spending is projected to surpass 638 billion U.S. dollars. The most popular time to spent money online is the holiday season at the end of the year. Cyber Monday regularly ranks as the top online spending day in the United States with Cyber Monday e-commerce sales in 2016 amounting to 2.67 billion U.S. dollars on that day alone. Cyber Monday spending has surpassed 1 billion U.S. dollars in daily online sales since 2010.

The number of users in the 'Video Streaming (SVoD)' segment of the digital media market in the Philippines was forecast to continuously increase between 2024 and 2027 by in total 0.8 million users (+11.05 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 8.07 million users and therefore a new peak in 2027. Notably, the number of users of the 'Video Streaming (SVoD)' segment of the digital media market was continuously increasing over the past years.Find other key market indicators concerning the revenue and revenue growth. The Statista Market Insights cover a broad range of additional markets.