Who ranks for “does netflix make.money”

Yes, Netflix is profitable, and the company has reported strong financial results, including significant revenue and profit growth in 2024 and 2025. Recent performance highlights include a surge in revenue, a growing advertising business, and positive free cash flow projections.

Evidence of profitability

Strong revenue and profit: In 2024, Netflix's revenue reached $39 billion, with an operating income of over $10 billion, according to The New York Times. In the third quarter of 2025, total revenue was $11.5 billion, up double digits year-over-year, with an operating income of $3.2 billion and a margin of 28.2%. Positive free cash flow: The company is on track to generate approximately $9 billion in free cash flow in 2025. Growing advertising business: The advertising business is a significant contributor, with the company on track to more than double ad revenue in 2025. Increased paid memberships: Paid memberships continue to grow, contributing to overall revenue growth.

Key financial metrics

2024 Net Profit: Approximately $8.7 billion. 2023 Net Profit: $5.4 billion. Third Quarter 2025 Operating Margin: 28.2%. Third Quarter 2025 Operating Income: $3.2 billion. Full-Year 2025 Outlook: Expected operating margin expansion.

Factors affecting profitability

One-off charges: In Q3 2025, the operating margin was impacted by a one-off tax charge in Brazil, but the company stated it would have exceeded its operating income forecast otherwise. Strategic shifts: Netflix is strategically focusing on key financial metrics like revenue and income, and experimenting with different revenue models like advertising and tiered pricing in different markets.