Netflix Finishes 2017 With a Record Profit
Netflix
Having beaten its subscriber growth targets wasn’t the only reason for Netflix to celebrate a successful end to its fiscal year. Contrary to the often observed trade-off between growth and profit, the streaming company managed to grow significantly without losing sight of the bottom line in 2017. Having generated $11.7 billion in revenue, Netflix posted a record profit of $559 million for the past 12 months, easily beating its previous record from 2014 as our chart illustrates.
