Viewed from the lens of net income, Netflix has been performing well, with its net profits growing 3x from around $0.6 billion in 2017 to $1.9 billion in 2019. That said, the company has been burning cash, with free cash flows falling from -$2 billion in 2017 to -$3.3 billion in 2019.

EBIT for Netflix was $1.4 billion, an increase of 134% from 2017. After including interest and tax, Netflix reported net income of $1.077 billion for a 189% increase. Using diluted shares outstanding of 451,283, this results in $2.39 of earnings per share.

Netflix’s quarterly revenue 2013-2021 The company’s annual revenue in 2020 amounted to almost 25 billion U.S. dollars, continuing the impressive year-on-year growth Netflix has enjoyed over the last decade.

An income statement is a report that shows how much revenue a company earned over a specific time period (usually for a year or some portion of a year). An income statement also shows the costs and expenses associated with earning that revenue. Income statements also report earnings per share (or “EPS”).

Largely lost in the noise of a membership shortfall, however, is that Netflix more than doubled its year-over-year profits. The first quarter’s bottom line of $1.7 billion is a 140% improvement on net income of $700 million earned during the first quarter of 2020.

Netflix: net income 2000-2020 Video streaming giant Netflix had a total net income of over 2.76 billion U.S. dollars in 2020, whilst the company’s annual revenue reached 25 billion U.S. dollars.

Today, Netflix’s main source of revenue comes from its massive amount of subscribers, each paying from $8.99 to $15.99 per month. With a reported 182.8 million paying subscribers around the world, the platform brings in millions in revenue per quarter.

But its main competitors — Disney+, HBO Max, Paramount+ and AppleTV+, as well as the old-guard streamers Amazon Prime Video and Hulu — have cut into Netflix’s share of viewers’ attention.

Poor Scriptwriting: Among the primary reasons behind the failure of any movie is poor scriptwriting. People like fast-paced stories, and Netflix movies don’t cut it. Low Budget: Another important factor behind the failure of such movies is that most Netflix movies are indie movies with low budgets.