Research and Development Expenses of Netflix
Netflix Research and Development Expenses 2014-2021
Amounts are in $million.
|YEAR||R&D Expenses ($MN)|
2021: The research and development expenses of Netflix (classified as technology and development expenses in its annual report) were 24% higher in 2021 compared to the previous year. Netflix spent $2,273.9 million on research and development in 2021 compared to $1,829.6 million in 2020. The company experienced strong growth in net revenues in 2021.
Netflix spent $1,829.6 million on research and development in 2020 compared to $1,545.15 million in 2019.
The research and development expenses of Netflix grew to $1,545 million in 2019 from $1,218 milllion in 2018. The research and development expenses of Netflix mainly include the payroll and related costs incurred in making improvements to its service offerings.
Netflix is the world's leading subscription streaming entertainment service with around 222 million paid subscribers as of 2021. 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. The company employed 11,300 people as of the end of 2021 across 60 countries worldwide.