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Netflix Posts Record U.K. Revenues of $2.2 Billion for 2023, Amounting to 57% Profit Increase
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variety.comK.J. Yossman Netflix has bucked the TV industry contraction to post record U.K. revenues of £1.7 billion ($2.2 billion) according to its latest company accounts.
They show that Netflix Services U.K., a Netflix Inc subsidiary responsible for providing its streaming service within the U.K., increased its revenues by 8%.
That’s a lower jump than in 2022 (where revenues where 12% higher than the previous year) but still represents a record figure for the company.
In 2022 revenues amounted to £1.5 billion. The vast proportion of that money is made up from streaming revenue (£1.6 billion in 2023) with a trickle (just over £35 million) also coming from services rendered to parent company Netflix U.K.
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