How Netflix Made $6 Billion Operating Profit In 2021, Visualized

4 years ago 6

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The streaming giant has recently made headlines for bleeding subscribers and hiking up fees. Here's what their financials from 2021 look like.

Redditor chartr used Netflix's SEC filings to chart out the streaming giant's financials in a useful Sankey diagram. In 2021, the company's streaming revenue was $29.5 billion and DVD revenue was $182 million.

Key Takeaways:

Nearly 68 percent of Netflix's total revenue goes towards licensing ($8.1B), producing ($4.2B), and other content related costs ($5.1B).
Netflix's gross profit of $12.4B translates to just 50 percent in operating profits, after factoring in marketing costs (2.5B), tech and development related costs ($2.3B) and company running costs ($1.4B).

H/T: Reddit

[Photo by Mollie Sivaram]

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