The above DGraph represents Netflix yearly revenue and profit, worldwide, from 2002 to the most recent year. Netflix revenue in fiscal 2018 reached $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 soared to record high reaching $1.21 billion, a jaw-dropping 116% YoY growth in 2018.
- Region: Worldwide
- Source: Netflix.com. SEC, Netflix Annual Report
- Last Updated: 21 January 2019
- Note: Netflix financial year – Jan 1 to 31 December
- DGraph ID: 153
Netflix Revenue And Profit: Additional Information
The rise of Netflix revenue in 2018 was primarily driven by the strong sequential quarterly performance. Netflix quarterly revenue in the fourth quarter of fiscal 2018 was record high as the company crosses the $4 billion revenue mark first time in the history.
In 2007, Netflix revenue crossed $1 billion, and almost doubling it by 2010. In the following year, Netflix recorded nearly 50% growth in its revenue.
Since 2016 Netflix was registering an astounding growth in yearly revenue. Netflix revenue in 2017 clocked an unprecedented 300% YoY growth. In the following year Netflix profit in 2018 more than doubled, crossing $1 billion first time in the history of the company.
Netflix Inc. (NASDAQ:NFLX), founded in the U.S. in 1997, offers media through online streams or through a DVD-by-mail service. Netflix initially introduced a subscription-based online service in 1999 and, since then, has expanded its services to different markets, primarily in the Americas and Europe. The total number of Netflix streaming subscribers, worldwide, has reached 148.4 million in Q4 2018. The global expansion of the company is promising, as the number of Netflix streaming subscribers in the non-US crossed 87 million already in Q4 2018. The scenario at the home market for the company also looks promising. The number of Netflix subscribers in the US reached 60 million by the end of 2018.
By 2020, 24.4 million Netflix subscribers are estimated to be located in Brazil alone, one of the most promising markets for the streaming provider. Along with Brazil, Germany, Mexico, Canada, and the United Kingdom are also important markets for Netflix.
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