Netflix's U.K. Revenue Rises 11% to $2.48 Billion, Membership Gains Strong

Netflix's UK unit reported an 11% revenue increase to £1.85bn ($2.48bn) in 2024, with operating profit at £43.2m ($58m) and profit after tax at £47.8m ($64.1m). The company has invested £6bn ($8bn) in the UK over four years, employing over 50,000 cast and crew, and collaborating with 200 producers. Netflix also secured exclusive rights to broadcast the FIFA Women's World Cup in Canada for 2027 and 2031.

Title: Netflix's UK Unit Reports Strong Financial Performance and Secures FIFA Women's World Cup Rights

Netflix's UK unit has reported a significant financial performance in 2024, with revenue climbing by 11% to £1.85 billion ($2.48 billion) [1]. The operating profit for the year ended December 31, 2024, stood at £43.2 million ($58 million), while the profit after tax rose to £47.8 million ($64.1 million) [1].

The revenue boost was driven by an 11% increase in average paid memberships, reflecting Netflix's continued dominance in the competitive UK streaming market. The company's revenue comprised both membership fees and reimbursements for services provided to Netflix International B.V. and Netflix Inc. [1].

Netflix's investment in the UK has been substantial, with the company investing £6 billion ($8 billion) over the past four years. This investment has supported over 50,000 cast and crew members and collaborations with 200 producers, contributing to the production of British content such as 'Adolescence,' 'Baby Reindeer,' and 'Black Doves' [1].

In addition to its financial performance, Netflix has made significant moves toward sustainability and diversity and inclusion. The company has set near-term climate targets aligned with consensus science, aiming to reduce emissions from a 2019 baseline by 2030 through its Science Based Targets initiative. Netflix U.K. also highlighted its commitment to diversity and inclusion, noting partnerships with organizations like the National Youth Theatre and IGNITE to provide workshops for young people across Wales, Yorkshire, and the North East [1].

In a corporate restructuring move, Netflix Services Holdings B.V. legally merged with Netflix International B.V. in May, with Netflix International becoming the immediate shareholder of the UK company [1].

Further, Netflix has secured exclusive rights to broadcast the FIFA Women's World Cup in Canada for 2027 and 2031. This marks the first time the tournament will appear on a streaming service and is part of Netflix's broader strategy to expand its live programming offerings. The 2027 tournament, which runs from June 24 to July 25, will feature 32 teams from across the globe, competing in 12 cities throughout Brazil, the host country [2].

Netflix's Chief Content Officer Bela Bajaria stated, "Our record-breaking success with Amanda Serrano vs. Katie Taylor demonstrated the massive appetite for women’s sports and live programming. Bringing this iconic tournament to Netflix is not just about streaming matches — it’s about celebrating the players, the culture, and the passion driving the global rise of women’s sports" [2].

The partnership between Netflix and FIFA marks a significant milestone for sports media rights. FIFA President Gianni Infantino noted, "This agreement sends a strong message about the real value of the FIFA Women’s World Cup and the global women's game. FIFA and Netflix partnering together makes this a truly historic day for broadcasting and for women’s football" [2].

In the United States, Netflix has taken over the rights to broadcast the FIFA Women's World Cup from Fox Sports, marking the first time Netflix has taken on the rights to live soccer. The deal is part of a broader trend of streaming services taking on live sports, including DAZN, Apple TV, Amazon Prime, and Fubo [3].

Netflix's investment in the UK and its acquisition of live sports rights underscore the company's commitment to growth and diversification. As the streaming market continues to evolve, Netflix's strategic moves position the company for continued success in both content production and broadcasting.

References:
[1] https://variety.com/2025/tv/news/netflix-uk-revenue-surges-2-billion-profits-grow-1236482444/
[2] https://www.netflix.com/tudum/articles/womens-world-cup-netflix
[3] https://www.si.com/soccer/netflix-fifa-womens-world-cup-broadcasts-united-states-canada