Netflix’s U.K. subscriber turnover has increased to £1.5 billion ($1.9 billion) the company’s latest accounts show.
The latest financial records for Netflix Services U.K., a subsidiary of Netflix Inc, show the streamer had increased its turnover by 12% year on year. The records, which were filed at Companies House this week, cover the 12 month period ending on Dec. 31, 2022.
Netflix Services U.K. is the streamer’s primary company that deals with subscribers in the U.K.
Records show the U.K. company enjoyed a 4% growth in the average number of subscribers and a 14% increase in average monthly revenue per subscriber. They did not confirm the number of subscribers.
In terms of profits, they were also up — by £3 million — year on year. For the year ending 2022 the company posted profits of £31.6 million ($38.7 million) up from £28.6 million the previous year. After tax, that amounted to a profit of £26.7 million for the year ending 2022.
The average number of full-time employees at Netflix also increased, from 153 to 202.
Netflix has invested in its U.K. business over the past few years, producing global hits including “Bridgerton: A Queen Charlotte Story,” “Sex Education,” “Heartstopper” and “The Crown.”
