Netflix gross profit for the twelve months ending March 31, 2023 was $12.222B, a 3.41% decline year-over-year. Netflix annual gross profit for 2022 was $12.447B, a 0.66% increase from 2021. Netflix annual gross profit for 2021 was $12.365B, a 27.22% increase from 2020.
Yes, Netflix is profitable. It first became profitable in 2003 and has grown steadily since then, reaching a profit of $4.49 billion in 2022, a 12.2% decline from its record profit of $5.11 billion in 2021.
NETFLIX NOW HAS A LOT OF CASH
The company went free cash flow positive in 2020 with $1.9 billion in free cash as the COVID-19 pandemic fueled bumper profits. The company then posted a $132 million free cash outflow in 2021, followed by $1.6 billion in free cash flow in 2022.
The news: Netflix will lose viewers for the second consecutive year in 2023, according to our new forecast update. The number of viewers is expected to decrease by 0.5% to 170.6 million.
In 2000, Netflix posted its first double-digit revenue of $35.89 million, while the total net loss increased to a whopping $58.27 million – highest-ever since its inception.
So why did Netflix lose subscribers? The subscriber loss "seems to be due to increased competition from other streaming services, adverse global economic circumstances, and the fact that the company already has a very high level of subscribers," says Ferran G.
Netflix witnessed an incredible 273.9% YoY growth in its global revenue, increased from $1.34 million in 1998 to over $5 million in 1999.
Netflix Stock Price Prediction 2030 | Netflix Stock Forecast 2030. Predictions suggest that the Netflix (NFLX) stock price will rise steadily within the first half of 2030, reaching an average of $1,217. This projected growth is believed to continue and the stock may be worth up to $1,250 by the end of the year.
Some 100 million people watch Netflix using someone else's account, the company says. Citi analyst Jason Bazinet estimated that streaming services lose about $25 billion a year. Netflix accounts for about 25% of that lost revenue.
In April 2022, the company revealed its first subscriber decline since 2011, with a loss of 200,000 subscribers in the first quarter of 2022 (1Q 2022). During the 2Q 2022 earnings, Netflix reported nearly a 1 million subscriber loss between April and July.
RBC Capital analyst Mark Mahaney believes Netflix can reach between 475 million to 525 million subscribers by 2030. That represents an annual increase of about 10% per year at the midpoint. Excluding any future price increases, this should keep Netflix's revenue growing at a double-digit rate.
Netflix net income for the twelve months ending March 31, 2023 was $4.200B, a 16.12% decline year-over-year. Netflix annual net income for 2022 was $4.492B, a 12.2% decline from 2021. Netflix annual net income for 2021 was $5.116B, a 85.28% increase from 2020.
Amazon Prime Video. One of Netflix's primary competitors is Amazon Prime Video. Also, simply known as Prime Video, Amazon Prime Video is a subsidiary of the American multinational technology company, Amazon.
What Is Netflix's Debt? As you can see below, Netflix had US$14.4b of debt, at March 2023, which is about the same as the year before. You can click the chart for greater detail. However, because it has a cash reserve of US$7.83b, its net debt is less, at about US$6.61b.
Netflix (NASDAQ: NFLX) is owned by 88.21% institutional shareholders, 6.80% Netflix insiders, and 4.99% retail investors. Rick Kimball is the largest individual Netflix shareholder, owning 8.01M shares representing 1.80% of the company. Rick Kimball's Netflix shares are currently valued at $3.20B.
Disney's average revenue per user also improved after the company raised its subscription prices. Domestic revenue per subscriber increased 20% to $7.14 a month.
The company says it will use information such as IP addresses, device IDs, and account activity to determine whether a device is part of a household, and insists that it will not collect GPS data from users.
“The Netflix service and any content accessed through the service are for your personal and non-commercial use only and may not be shared with individuals beyond your household unless otherwise allowed by your subscription plan.”
Netflix says an account can only be used by members of one physical household, sharing one internet connection. Additional members logging from elsewhere can be added for $7.99 a month. The restrictions appear to only apply to televisions and not mobile devices for now.
Answer: NFLX: $71,765.89! (
But like Apple, Netflix wasn't exactly the company it is today 10 years ago. In May of 2008, Netflix was primarily a mail-order DVD rental company that had just rolled out a streaming service that was capped at 10 hours of free viewing a month for the base membership.
With $40 billion in net income in 2030, Netflix's price-to-earnings (P/E) ratio would have to be 25 to get us to a $1 trillion market cap.
Have a look at the above chart, and you'll see that if you invested $1,000 in NFLX stock 20 years ago – and did not sell at the peak – you would be sitting on $249,550 today. For comparison's sake, the same amount invested in the S&P 500 over the same span would theoretically be worth $6,985 today.
Future value
If Netflix has 500 million subscribers in 10 years paying an average of $14 per month, the company's annual revenue would be roughly $84 billion. That compares to the $20 billion it made last year and the roughly $25 billion expected for this year.