Netflix Net Income (quarterly)
Quarterly Net Income of Netflix (2017-2022)
Amounts are in millions.
|FY 2022||Netflix net income (millions)|
2022: Netflix generated $1,597.45 million in net income in the first quarter of 2022, compared to $1,707 million during the same quarter in the previous year. Howeverm its revenues durign the first quarter of 2022 were higher than the first quarter of 2021. netflix generated $7,868 million in the first quarter of 2022 compared to $7,163 million in the first quarter of 2021.
The company also experienced a decline in the number of memberships in the first quarter of 2022 compared to the previous quarter. Its number of paid memberships in the last quarter of 2021 was 221.84 million, which declined to 221.64 million in the first quarter of 2022. For the second quarter of 2022, the company has forecast a decline of 2 million in its number of paid memberships compared to the first quarter, which means the number of paid memberships in the second quarter of 2022 could be just around 220 million (219.64 million).
|FY 2021||Net Income ($mn)|
|FY 2020||Net Income ($mn)|
|FY 2019||Net Income (Millions)|
|FY 2018||Net Income (millions)|
|FY 2017||Net Income (millions)|
Netflix is the world's leading subscription streaming entertainment service with more than 167 million subscribers. User across 190 countries enjoy TV series, documentaries and feature films offered by Netflix in a wide variety of genres and several languages. The company was founded in 1997. However, it launched its streaming services in 2007. Previously, the company operated its business as three different segments - Netflix US Streaming, Netflix International Streaming and DVD. However, starting 2019, Netflix operates its global business as one segment. The headquarters of Netflix are located at Los Gatos, California, United States.