Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·NFLX
Preparing the analysis
We’re preparing the company’s analysis.
NASDAQ·NFLX
Netflix, Inc.
Share price$63.36Price as of: Nov 9, 2026
Netflix, Inc. (NFLX) is a company listed on NASDAQ, classified under Entertainment.
Netflix is a global entertainment provider focused on streaming series, films, documentaries and games.
Revenue · FY 2025
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Sales generated during the period, before costs and expenses.
Net margin · FY 2025
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every $100 it takes in,100 come from Streaming revenues.
$45bnrevenue in FY 2025
1business lines with data
44%of sales, in United States And Canada
Full fiscal year ended Dec 31, 2025
After that close
Q3 2026, ended Sep 30, 2026: total revenue +11.8% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2025
02Where revenue comes from
A single line brings in half or more.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
Sales are spread across several regions.
United States And Canada is its largest market, with 44.2% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2025
04How the mix is changing
The mix barely changes.
Weight of each part in 2024 and in 2025. A line gains weight when it grows faster than the total.
FY 2024FY 2025
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
Netflix relies 100.0% on Streaming revenues in FY 2025, just as in the prior year: all sales growth and every dollar earned is solely from this line.
That it depends on other lines: even if other services exist, no relevant sales come from them in FY 2025.
02
Asia Pacific accelerates and adds more to growth (15.2% of the increase) than its revenue share (11.8%), though it remains far behind United States and Canada in size.
That Asia Pacific is now the main driver: its sales share remains smaller than any region except Latin America.
03
United States and Canada, despite slower growth than Asia Pacific, remains the economic base (44.2% of revenue) and delivers the largest absolute increase.
That its lead is threatened by faster regional growth elsewhere: the total volume still far surpasses others.
04
Net margin rises because profit grows faster than sales: profitability per sale improves even though we do not know which region or line delivers this boost.
That the margin improvement comes from a particular region: with no data on regional profitability, we cannot know which area contributes most to the extra profit.
Our take
Margins improving, source unclear
Profitability is up as net profit grows faster than revenue, but with no margin by region or line, that improvement can't be credited to any specific business area.
See the calculations behind it
- Dependence on Streaming revenues barely changes: 100.0% of revenue in FY 2024 and 100.0% in FY 2025.
- United States And Canada brings 44.2% of sales (44.5% in FY 2024). The fastest-growing region is Asia Pacific: +21.3% against +15.9% overall.
- Streaming revenues weighs more than all the other lines together: 100.0% of revenue in FY 2025.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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