Netflix has revealed its full revenue from UK subscribers for only a second time — and it has been a year of growth for the streaming giant.
The organization posted sales of £1.54B ($1.9B) in just a year to the furthest limit of December 2022, an increase of 12% on the earlier year’s income of £1.4B.
The earnings were revealed by Netflix services UK, the main organization that the streamer has registered at the UK’s Companies House. Pre-tax profits for the entity rose 22% to £34.1M last year.
This is the second time Netflix has given all relevant info of its UK sales in the wake of changing its bookkeeping practices in 2020 to quit piping income through its European base camp in the Netherlands.
As per Netflix Services UK, its average number of paid memberships increased 4% last year, while it also enjoyed 14% growth in the average money it made from every subscriber.
However, Netflix didn’t reveal the number of UK subscribers it has, but audience research body BARB said 17.2M British homes had access to the streamer at the end of 2022, which was up 3% year-on-year.
Netflix Services UK’s duty bill has gone up extensively since it began posting full details of its UK income. It paid £6.4M in annual expense last year, contrasted and £5.3M in 2021.
The organization’s income showed that its The company’s earnings showed that its average number of UK employees grew by almost a third to 202. Most are based at Netflix’s UK headquarters at 30 Berners Street in central London.
“The UK is our most important production hub outside North America and we are deeply committed to making Netflix series and films here. Since 2020 we have invested almost $6 billion in making shows like Heartstopper, The Crown, and Top Boy. This is an increase of nearly 50% on what we originally anticipated and has created thousands of jobs right across the country.”