The above graph represents Netflix revenue by quarter, starting from fiscal Q1 2012 to the recently completed quarter. Netflix revenue in Q4 2019 reached an all-time high of $5,467.43 million ($5.5 billion), up 30.59% as compared to the same fiscal quarter in the previous year. Nearly 53.8% of that came from the International Streaming segment. When compared to the previous quarter, the company recorded nearly 4.2% QoQ growth in its fourth-quarter revenue.
Netflix Quarterly Revenue Growth: History
|Source||Netflix Quarterly Reports, SEC Filings|
|Note||Netflix financial year – January 1st to December 31st|
Netflix achieved its first $5 billion revenue milestone in fiscal Q3 2019. The company’s primary source of revenues is from monthly membership fees.
It was Q1 2013 when Netflix quarterly revenue crossed $1 billion mark. It took the company a little over 3 years to cross 2 billion revenue figure, clocking $2.10 billion in Q2 2016. However, Netflix shifted the gears and after six following quarters, in Q4 2017, Netflix revenue soared over $3 billion. The next billion growth came in just four quarters as Netflix revenue crossed $4 billion mark for the first time in fiscal Q4 2018.
About Netflix Inc.
Netflix Inc. (NASDAQ: NFLX) was founded on August 29, 1997, by Reed Hastings and Marc Randolph as a DVD-rental-by-mail firm. However, the company began its operations on April 14, 1998, by opening the world’s first online DVD rental store. For $19.95 a month, subscribers can rent as many DVDs as they want. The company slowly expanded its business by offering the streaming service in the US while retaining the DVD and Blu-ray rental service. In September 2010, the company began offering its streaming service to Canada, which later expanded to other international markets such as Latin America, the United Kingdom, Ireland, Australia, etc. Netflix is now available almost every corner of the world, except in mainland China (due to local restrictions), Syria, North Korea, and Crimea (due to US sanctions).
Netflix’s IPO (initial public offering) completed on May 29, 2002, selling 5.5 million shares of common stock at the price of $15.00 per share.
In Q2 2017, it was the first time when the total Netflix streaming subscribers, globally, crossed 100 million mark.
On January 22, 2018, Netflix’s market capitalization ballooned to $100 billion, becoming the largest digital media and entertainment company in the world.
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