Get the latest gossip

Netflix Posts Record U.K. Revenues of $2.2 Billion for 2023, Amounting to 57% Profit Increase

Netflix U.K. has posted record results again, with increases in revenues, profits and subscribers.

As well as a glut of U.K. content last year – including the series finale of “The Crown” as well as new seasons of “Sex Education” and “Bridgerton” – the subscriber increase may well be down to Netflix’s crackdown on password sharing. According to the report, Netflix’s “goal is to accelerate revenue growth and expand our operating margin.” Having launched a stream of U.K. hits in 2024 – including most-watched global show “Fool Me Once,” viral hit “Baby Reindeer” and Guy Ritchie escapade “The Gentlemen” – next year’s results will likely see it achieve those goals. Last month Netflix chief Ted Sarandos gave a key note speech at London’s prestigious Royal Television Society conference, in which he cemented the streamer’s commitment to the U.K., saying: “You have some of the very best writers, directors, producers, actors, crew, crafts and locations anywhere in the world.

Get the Android app