The above graph represents Netflix annual revenue and profit worldwide, from 2002 to the most recent year. Netflix revenue in fiscal 2018 reached $15,794.34 million ($15.79 billion), registering 35% YoY growth. The net profit of Netflix in fiscal 2018 doubled as compared to the last year. The net profit of Netflix in 2018 soared to record high reaching $1,211.24 million ($1.21 billion), a jaw-dropping 116% YoY growth.
- 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: 153
Netflix Annual Revenue vs Net Income: Additional Information
The rise of Netflix revenue in 2018 was primarily driven by the strong sequential quarterly performance. Netflix quarterly revenue in fiscal Q4 2018 was a record high as the company crosses the $4 billion revenue mark first time in history. In 2007, Netflix annual revenue crossed $1 billion for the first time in history, and almost doubled it by 2010.
Netflix’s net income in 2018 increased a whopping 116.7% YoY, to $1,211.2 million ($1.2 billion) – highest till date. Interestingly, in Q3 2018, the company posted its highest-ever quarterly profit of $402.84 million. While in the fiscal year 2002, Netflix’s net loss amounted to $22.7 million – highest in the last 16 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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