The above graph represents Netflix quarterly revenue worldwide, from Q1 2012 to the most recent quarter. Netflix revenue in Q1 2019 reached $4,520.99 million ($4.5 billion), up by 22.16% as compared to the same fiscal quarter in the previous year. Out of the total revenue Netflix generated in Q1 2019, the US accounted for nearly 48% (Domestic DVD + Streaming), while about 52.4% ($2,366.75 million) came from international streaming business.
Netflix Revenue: Additional Information
It was Q1 2013 when Netflix 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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