The above graph represents Netflix revenue and profit, worldwide, from Q1 2012 to the most recent quarter. Netflix revenue in Q2 2019 reached an all-time high of $4,923.11 million ($4.92 billion), globally. This is up by 26% when compared to the same fiscal quarter a year ago. Out of the total revenue Netflix generated in Q2 2019, over 52% came from its international streaming business. On the other hand, Netflix net income in Q1 2019 decreased by 4.9% YoY to $270.65 million.
- Region: Worldwide
- Source: Netflix.com. SEC, Netflix Annual Report
- Last Updated: 11 July 2019
- Note: Netflix financial year – Jan 1 to 31 December
- Graph ID: 152
Netflix Revenue vs Profit: Additional Information
In Q1 2002, Netflix posted total revenue of $30.53 million, globally. Interestingly, 98.5% of that came from the subscription business and rest from the sales of DVDs. However, the company’s net loss in that quarter was $4.51 million. In Q1 2004, Netflix’s revenue crossed $100 million mark for the first time. The company took 9 years to achieve another milestone – quarterly revenue crossed $1,023.96 million in Q1 2013.
When it comes to Netflix quarterly net income – the Q3 2018 was the first time when the company posted its highest-ever profit of $402.84 million. While in Q2 2002, the company’s net loss amounted to $13.12 million – highest in the last 18 years.
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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