Netflix's UK branch achieves significant growth in turnover and profits in 2022

Netflix's subsidiary, Netflix Services U.K., has released its latest financial report, revealing notable advancements in both turnover and profits. The company's turnover has now reached £1.5 billion ($1.9 billion), marking a substantial 12% year-on-year increase. These financial records, recently submitted to Companies House, pertain to the fiscal year ending on December 31, 2022.

Netflix Services U.K. serves as the principal entity responsible for managing subscribers within the United Kingdom. The records do confirm a 4% growth in the average number of subscribers, but specific subscriber figures were not disclosed. Additionally, the company has experienced a commendable 14% surge in the average monthly revenue per subscriber.

Turning to profitability, Netflix's UK division exhibited positive results, with profits showing a £3 million uptick compared to the previous year. For the fiscal year concluding in 2022, the company reported profits amounting to £31.6 million ($38.7 million), a significant increase from the £28.6 million recorded in the prior year. After accounting for taxes, the profit for the year ending in 2022 stood at £26.7 million.


Furthermore, Netflix expanded its workforce, increasing the average number of full-time employees from 153 to 202. This reflects the company's dedication to strengthening its presence in the UK.

Netflix's substantial investments in its UK business over the recent years have yielded impressive results, with the creation of global successes such as "Bridgerton: A Queen Charlotte Story," "Sex Education," "Heartstopper," and "The Crown." These accomplishments have not only contributed to the company's financial growth but have also solidified its standing as a prominent player in the entertainment industry.

In summary, Netflix Services U.K. has witnessed a substantial rise in turnover, profits, and average monthly revenue per subscriber in 2022. The company's ongoing investments in content production have undoubtedly played a pivotal role in this remarkable financial performance.