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The abovegraphrepresentsNetflix revenue and net income by year, starting from fiscal 1998 to the recently completed year. Netflix annual revenue and net income, both hit record high during the fiscal year ended December 31, 2019. Netflix’s total revenue in 2019 clocked $20,156.4 million ($20.2 billion), registering 27.6% YoY growth. While the net profit of Netflix in 2019 soared to record high reaching $1,866.9 million ($1.87 billion), a strong 54.1% YoY growth.
Netflix Annual Revenue vs Net Income: History
| Region | Worldwide |
| Source | Netflix Annual Reports,SEC Filings |
| Graph ID | 153 |
| Note | Netflix fiscal year starts from January 1st |
The growth in Netflix revenue in 2019 was primarily driven by the strong sequential quarterlyperformance. Netflix reported its highest-ever fourth quarter revenue of $5,467.4 million in Q4 2019, with 30.6% growth when compared the year-ago period.
In 2000, Netflix posted its first double-digit revenue of $35.89 million, while the total net loss increased to a whopping $58.27 million – highest-ever since its inception.
It is important to note that Netflix achieved its first $100 million revenue milestone in fiscal 2002, however, with a net loss of $20.95 million. Interestingly, in just five years, Netflix annual revenue crossed $1 billion for the first time in history. The company generated about $1,205.34 million ($1.2 billion) in revenue in 2007, with a net profit of $66.61 million.
In fiscal 2014, the video streaming giant reported a whopping $5,504.7 million in annual revenue, with an appreciable 25.8% YoY growth. During the year, the net profit also skyrocketed $137.4% to $266.8 million.
Netflix’s net income in 2018 increased a whopping 116.7% YoY, to $1,211.2 million ($1.2 billion). Over 33% of that company generated in Q3 2018.
About Netflix Inc.
Netflix Inc.(NASDAQ: NFLX)was founded on August 29, 1997, byReed HastingsandMarc 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 offeringits streamingservice to Canada, which later expanded to other internationalmarkets 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 ofcommon stockat the price of$15.00 per share.
On January 22, 2018, Netflix’s market capitalization ballooned to $100 billion, becoming the largest digital media and entertainment company in the world.
Netflix is ranked #38 on the list of the World’s Most Valuable Brands by Forbes, with a brand value of $15.5 billion in 2019.
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