Netflix has delivered impressive financial results for the fiscal year 2024, showcasing its robust growth and expanding global footprint. The streaming giant's profits surged by 63% to ₹85 crore in FY25, with revenue rising 32% to ₹3,769 crore, driven by strong subscriber additions and strategic partnerships.
Netflix's revenue has consistently grown over the past five years, from $24.996 billion in 2020 to $39.001 billion in 2024, demonstrating its strong global performance. The platform's focus on regional content, particularly in South India, has been a key driver of its growth, attracting a wider audience and increasing its subscriber base. With an estimated 20-22 million users in India, Netflix has become a major player in the country's OTT market.
The company's operational revenue in India soared by 32% to ₹3,769 crore in FY25, powered by rising subscriptions through direct sign ups and bundled plans with telecom operators. Netflix's pricing strategy, including its affordable mobile plan and premium tiers, has improved average revenue per user (ARPU). The company's total income for FY25 stood at ₹3,842 crore, with a focus on content creation and marketing.
Netflix's content production and licensing expenses jumped to ₹3,616 crore in FY25, reflecting its commitment to producing high-quality content. The company's balance sheet strengthened, with total assets and liabilities increasing to ₹1,368 crore, and it maintained a debt free status. Netflix's influence in India's creative economy is evident, with its co CEO Ted Sarandos highlighting the company's growing impact.