The above graph represents Netflix revenue by quarter, starting from fiscal Q1 2012 to the recently completed quarter. The company reported its highest-ever quarterly revenue of $6,148.29 million in Q2 2020, with an impressive 24.9% YoY growth. On a quarterly basis, it was 6.6% growth in Netflix Q2 2020 revenue.
Over 50% of the Netflix global revenue in Q1 2020 came from the International Streaming market.
Netflix Quarterly Revenue Growth: History
|Source||Netflix Quarterly Reports, SEC Filings|
|Note||Netflix fiscal year starts from January 1st|
Netflix achieved its first $5 billion revenue milestone in fiscal Q3 2019. The company recorded a strong 31% YoY growth in its quarterly revenue of $5,244.9 million during the third quarter of 2019. Netflix’s primary source of revenues was 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.
On January 22, 2018, Netflix’s market capitalization ballooned to $100 billion, becoming the largest digital media and entertainment company in the world.
Netflix is ranked #38 on the list of the World’s Most Valuable Brands by Forbes, with a brand value of $15.5 billion in 2019.
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