The above graph represents Netflix revenue by year, worldwide, starting from fiscal 1998 to 2018, ended on December 31st. Netflix revenue in fiscal 2018 reached an all-time high of $15,794.34 million ($15.79 billion), registering 35% YoY growth. This 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.
Netflix Annual Revenue Worldwide: History
|Source||Netflix Annual Reports, SEC Filings|
|Note||Netflix financial year – January 1st to December 31st|
Netflix has three reportable segments: Domestic streaming, International streaming and Domestic DVD.
Netflix witnessed an incredible 273.9% YoY growth in its annual revenue, increased from $1.34 million in 1998 to over $5 million in 1999. Surprisingly, in the following year, the company again showed an astonishing 617% YoY growth in its annual revenue, totalling $35.89 million in 2000.
In 2007, Netflix annual revenue crossed $1 billion for the first time in history, which almost doubled by 2010. The quarterly revenue increased from $1,205.3 million in FY 2007 to $2,162.6 million in FY 2010.
Netflix achieved its first $5 billion annual revenue milestone in FY 2014. The company recorded an impressive 25.8% YoY growth in its revenue, totalling $5,504.7 million or $5.5 billion, globally. In just 3 years, the company doubled its annual revenue, with an astonishing 32.4% year-over-year growth.
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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