Netflix Statistics and Facts Defining Company’s Dominance in 2023
The production firm and streaming service Netflix have grown dramatically over the past ten years. It's not surprising given that hundreds of millions of internet users start their daily routine with Netflix.
The Q2 2022 statistics showed that Netflix had almost 220 million paid members worldwide. But Netflix's rival Hulu had 45.6 million users at the end of Q2 2022. Below are the most riveting statistics and facts about Netflix.
Netflix announced in Q2 2022 that it had 220 million customers using the service globally. While Amazon Prime, the second-place streaming service, has a substantial subscriber base (estimated at 200 million in April 2021), the number of subscribers using the Prime Video service still needs to be determined.
Disney has roughly 221 million subscribers, but their statistics include Hulu and ESPN+. Still, Netflix has a lot of work to do, given that just Disney+ accounts for 44 million users.
(Sources: What's On Netflix, The Verge, Sky News)
2. Over 75 million Canadian and US Adults have a Netflix Subscription.Canada and the US are included in Netflix's regional subscriber totals. The corporation estimates that 73 million users are from those two nations. In the last six months, roughly 1.3 million North American users have been lost.
Ampere research shows that about four-fifth of Americans between the ages of 18 and 34 are either Netflix users or have access to the service via shared passwords or family members.
(Source: The Guardian)
3. Due to Sharing Passwords and Accounts, 41% of Netflix Users Watch Without Paying.Most Netflix members now share their account information with others, announced KillTheCableBill. Nearly 18% of sharing is done with friends, and most is done with relatives.
This supports research by the Leichtman Research Group, which discovered that users outside the home use one-third of Netflix accounts. This report also showed that 15% of users have a third party paying for the service.
Netflix revealed strategies to stop password-sharing in March 2022, including charging extra fees to consumers who want to watch with anyone outside their immediate family.
(Sources: KillTheCableBill, Light Reading, Netflix)
4. The Company is Far Older Than Users Think.Although Netflix has received much media attention over the past ten years, the streaming service was previously unnoticed. Netflix was established in 1997. A year later, the company's website was launched.
(Source: Wikipedia)5. Compared to Rivals, Netflix was Incorporating More Technology.Initially, Reed Hastings gave Netflix only $2 million during its Series A fundraising round. Only $50 million was raised three years later during the Series E investment round. With projected operational profits of $5.9 billion, the corporation is raking in approximately $8 billion annually (2022).
In 1999, Netflix began offering its users a subscription-based DVD-by-mail service. Netflix realized the potential higher bandwidth the internet offer in 2004 after it got 4 million subscribers. It then launched its online video streaming and dominant DVD-by-mail option in 2007.
(Sources: Wikipedia, CrunchBase)
6. Netflix was Among the First Streaming Services Accessible as an App on Diverse Devices.In 2008, Netflix expanded its reach outside web browsers by collaborating with businesses to stream content via Blu-ray disc players, Xbox 360, and TV set-top boxes. Netflix launched on the smart TVs and PS3 in 2009. In 2010, Netflix launched on various streaming devices, including the Nintendo Wii, iPad, iPhone, and iPod touch from Apple.
(Source: Wikipedia)
7. The First Genuine Global Streaming Service was Netflix.In 2010, with the launch of its Canadian service, Netflix made an official venture into foreign countries. 2011 was a memorable year for Netflix. It was the year Netflix's streaming service expanded internationally by launching in Latin America and the Caribbean.
In 2012, Netflix made its long-awaited move to Europe, being formally accessible in the UK, Ireland, and Nordic nations. In 2015, Netflix maintained its global expansion by officially launching its service in several new countries, including Australia, Japan, and New Zealand. Except for a few countries, Netflix became accessible universally as of 2022.
(Source: Archive)
8. Netflix is Responsible for the Current Streaming Wars.The tremendous increase in streaming worldwide has ignited what analysts call the streaming wars." Other streaming services have yet to stay up with Netflix's US dominance and global expansion. This dominance is attributable to Netflix's significant investment in the original material, which either develops itself or buys the rights to broadcast outright across the globe.
The first three high-profile Netflix original shows, Hemlock Grove, Orange Is the New Black, and House of Cards, were launched in 2013. Also, the streaming service gave 31 primetime Emmy nominations for those original shows. Following that, the streaming giant has released over 1500 originals. However, the most popular is the Series titled SQUID GAME.Over 111 million accounts sampled the original, collectively acquiring 1.65 billion hours of watching.
9. The Major ISPs Throttled Netflix Streaming Because of its Popularity.Following several customer concerns, Comcast and Netflix came to a mutually beneficial" arrangement in 2014 to help resolve throttling issues. According to reports, Netflix paid Comcast to resolve the conflict.
(Source: Consumerist)
Netflix actively targets region-hoppers even while it is accessible universally. Reports show that the streaming service was restricting virtual private networks (VPNs), and other proxy services started to surface on February 29, 2016. However, everything changed in 2020. Now, if Netflix notices a user using a VPN, only titles they usually watch in their home country are displayed to them.
(Source: Time)
11. Netflix Toppled HBO's Long-term Emmy Nomination Streak.Netflix received its first Oscar in 2017. The White Helmets won the Best Documentary Short Subject prize. In 2020, it won again for Best Documentary Feature with American Factory." Additionally, Laura Dern was honored for her work in the Netflix original marriage story by winning Best Actress in a Supporting Role.
Regarding Emmy nominations, Netflix has officially surpassed HBO's 17-year streak as of 2018. In contrast to the 90 nominations it earned in 2017, the streaming service received 160 in 2020. By 2020, Netflix had won 43 Emmys out of its 225 nominations. By acquiring 129 nominations in 2021, Netflix significantly increased that record with 44 awards.
(Source: CNBC)
12. Oscars, Netflix's Academy Awards shows, is also at a High Level.The White Helmets won the Best Documentary Short Subject prize after Netflix won its first Oscar in 2017. Netflix took the lead in 2022 with 27 Oscar nominations, and The Power of the Dog production got 12 Oscar nominations.
13. Users Watch and Utilize Excessive Streaming Data on Netflix.In 2020, on its website, Netflix subscribers watched videos, averaging 3.2 hours daily and 6 billion hours monthly.
(Source: hotdog)
14. In 2012, Netflix's Most Famous Movies and TV Series were Clueless' and '13 Reasons Why.'
According to Comparitech's time spent streaming tool, clueless was the most popular film on Netflix as of 2012. However, people preferred the controversial 13 reasons why when it came to TV series, which made it also famous.
(Source: Comparitech)
15. Average Netflix Users Watch 62 Days' Worth of TV Shows and Films in a Short Period.Comparitech's time spent streaming posts discovered that viewers in countries like Australia, the US, Canada, and the UK love Netflix quite a lot and watch videos on Netflix more than typical users.
Americans have watched 88,643 minutes, or 62 days' worth of TV shows and films on average, 16 days greater than the global average. Also, they have an astounding 85% of their viewing time on TV series.
The British have watched Netflix for an average of 55 days, or 78,874 minutes. The typical Netflix user has observed 67,817 minutes, or 47 days, compared to Australians, who have watched on average 67,817 minutes or 47 days. TV series make up about 78% of the films in both nations.
However, Canadians take the crown for the top binge-watcher! They've spent an average of 94,648 minutes or 66 days on Netflix. It outpaced the average viewers by 20 days with 80% TV series views.
(Source: Comparitech)
16. The Pandemic Increased Streaming on Netflix.In a letter, Netflix stated that it had gotten 15.77 million customers in just the first quarter of 2020, as billions worldwide were forced into isolation and asked to avoid social contact. To ease the strain on exploited bandwidth, Netflix was obliged to decrease its streaming quality rate in some countries.
(Sources: Q4CDN, The Guardian)
17. In 2019, Netflix Users Watched Content for 164 Million Hours Daily.In countries across the world, Netflix users viewed approximately 164 million hours of material daily, according to a 2019 Streaming Observer analysis. Since 2017, Netflix has yet to provide comparable statistics, except for a few of its original Series.
(Source: Streaming Observer)
18. North America Generated 45% of Netflix's Global Revenue.Although Netflix is accessible practically everywhere globally, its home base is still the most significant. More than 73 million of the 220 million Netflix customers are in the US and Canada, with the US leading the way. And $3 billion in paid subscription revenue, or around 45% of global revenue, was produced in North America.
Furthermore, the average monthly revenue per paying subscriber varied by region in Q2 2022, as North America generated $15.95, and Europe, the Middle East, and Africa $11.17. Additionally, $8.67 was generated from Latin America and $8.83 from the Asia-Pacific.
(Sources: Finances Online)
A device that monitors cloud data usage intricately showed that it spends over $9.6 million monthly on AWS. Netflix boldly informed its users about its Amazon web services usage. The company fully migrated its originals across the Amazon web services in 2016. The project was completed after seven years.
(Source: Intricately)
20. In 2021, Netflix Used $2.2 Billion on Development and Research.Netflix invested more than $2.2 billion in 2021, an 18% increase in its 2020 spending. Netflix invested $9537 million in research and development in 2017.
(Source: Finbox)
21. The Streaming Giant Reported an Income of $29.7 Billion in 2021,Every year, Netflix makes a significant profit. The streaming giant estimated total net revenue of $29.7 billion annually in 2021, benefiting from higher membership growth and price increases. Just four years earlier, in 2017, the company's yearly sales were $11.69 billion; from 2017 to 2021, it increased by 87 percent.
Netflix has had a 2400 percent increase in revenue growth since 2007 when the firm launched its on-demand streaming option in addition to its DVD-by-mail service.
(Source: LA Times)
22. Via DVD Rental Services, Netflix Earned Over $200 Million in 2021.Even though Netflix first offered DVD rentals by mail, it remarkably reduced the service after releasing the digital on-demand streaming option in 2007. The firm continued to make $200 million in DVD rental revenue as of 2021. However, as more customers convert to on-demand, the company's DVD sales and membership have declined for years. A 47% decline in DVD rental revenue from 2017 to 2021 is shown by the company's $450 million in revenue in 2017.
(Source: Media play)
23. The Streaming Giant has Subscribers Willing to Pay More for the Services.Netflix surveyed users of about 55% who were willing to pay more to enjoy its services in May 2020. It was an increase of 8% since 47% of users were willing to pay extra fees as of 2019.
(Source: Variety)
24. Netflix Paid $300 Million to Stream Disney's Content Before the Release of Disney+.
Before Disney's release, Netflix had exclusive access to Disney's animated blockbusters and other content, one of its main selling points. Netflix purchased Disney content for $300 million. Disney probably utilized some of that income to develop its service, which is currently the only location where customers can legally stream films from Marvel and Disney.
(Source: Forbes)
25. In 2022, Netflix Shared a Fall of Over 20% Since July 2021.On January 21, 2022, Netflix's stock fell 21.8% after the firm acknowledged in its Q4 results report that streaming competition was stunting its expansion. Since then, the cost has dropped steadily, reaching an all-time low of $ 331.01 on March 14. This share decline was Netflix's worst day in the previous two years.
(Source: CNBC)
26. After 2021, the Streaming Giant Planned to be Cash-flow Positive.Despite the corporation making billions annually, its net income in 2019 was low because most of it was spent again. In 2019, Netflix's free cash flow was $3.3 billion in deficit. In contrast, it experienced a $1.9 billion positive free cash flow in 2020. The corporation expects a cash-flow-neutral year in 2021 and a joyous year following that.
(Source: Fool)
27. Netflix is No Longer Spending More on Programming Than its Rivals.If there are two phrases that best describe the streaming wars, they are as follows: the original content." In the past, Netflix was the platform that invested the most in content, especially original programming. The situation has changed, though.
According to Wells Fargo research, Netflix comes in fourth place overall in predicted spending for 2022 ($19 billion, up 13% from 2021). When sports are excluded, it falls to second place. In contrast, Walt Disney Co. spent $33 billion on programming in 2022, while Warner Bros. Discovery spent $22.4 billion (including sports).
(Source: The Streamable)
Netflix has a huge debt load that it is still making payments on. According to reports, the corporation had a debt of $18.8 billion in 2021, and analysts predicted that by 2022, it will have a deficit of $20.2 billion. This might sound ominous, but according to an observer, Netflix is doing fine using debt to finance its expansion.
(Source: Macroaxis)
29. By October 2022, Netflix was Worth Over $105 Billion.Over time, the company's value increased quickly. Netflix had a market capitalization of over $105 billion as of October 2022. Although that may sound great, its market cap was $160 billion six months prior.
(Source: Companiesmarketcap)
30. In 2022, Slovakia had the Largest Library on Netflix.Although Netflix library fluctuates in size per day, some countries have more libraries than others. As of 2022, Slovakia, with 7990 titles, had the most extensive library of Netflix content.
(Source: Comparitech )
31. Liechtenstein's Netflix library is Affordable for Customers, While Pakistan Provides the Best Value.Due to variations in library sizes, Netflix users pay varied prices per title. With about 5,982 titles, Netflix users in Liechtenstein pay $0.00162 per title for a Standard subscription. On the other hand, those who subscribe to Netflix in Pakistan pay just $0.00029 per title and get access to a more incredible collection of more than 5,974 titles.
(Source: Comparitech)
32. The Company has Over 11,300 Employees.About 11,300 staffs are available on Netflix. Comparatively, the business had less than 1,000 workers at the end of 2005, indicating a sharp increase in payroll over the previous 17 years. The most new employees that Netflix hired in a single year were 1,900, which the firm brought on between 2019 and 2020.
(Source: Macroaxis, Marco Trends)
33. Users of Netflix Prefer TV, But Mobile Usage is also Growing.In 2019, Leichtman Research Group discovered that 85% of Netflix subscribers stream the service on a TV, indicating that most subscribers own either a smart TV or a TV-connected streaming device such as an Amazon Fire TV or Roku.
Netflix estimated that in 2022, half of its monthly subscribers would view on mobile devices. The attention span of a mobile viewer appears to be around 40 minutes, yet mobile viewing is only approximately 10% of a person's overall screen time.
(Source: Leichtman Research, Fierce Video)
34. In October 2022, Netflix had More Than 17,000 Titles Available Worldwide.As of October 2022, according to data from uNoGs, Netflix had at least 17,300 titles available in all of its foreign libraries. Compared to January 2018, when it offered 15,400 titles, this represents considerable growth.
(Source: UNOGS)
35. Since Creating Original Programming in 2013, Netflix has Generated Over 1,500 Programs.The company creates two types of unique content, such as TV and movie projects that it funds and develops internally and projects that it buys and broadcasts exclusively.
Netflix frequently adds Netflix Original" to both, making it impossible to determine the precise number of TV episodes and films the company has created internally. Award-winning House of Cards was the first original program produced by the firm.
(Source: What's on Netflix)
36. In 2019, 82% of Netflix's Top-rated Original Works were TV Shows.The amount of money Netflix channels into the production and quality of its Series is enormous, and it constantly shows in its results. On Rotten Tomatoes, during a certification ranking, 35 original Netflix works were issued a Certified Fresh' score in 2019. Of the 35, 29 were TV shows, accounting for 82%.
(Source: Rotten Tomatoes)
According to Business Insider Australia, Netflix's personalized recommendation system is precious and is worth an estimated $1 billion annually.
(Source: Business Insider)
38. Approximately 80% of Netflix Users Often Choose from the Recommendations the Service's Algorithm Offers.While most Netflix users tend to choose popular Series, the platform's recommended picks are also heavily considered. In fact, according to reports, the recommended shows account for an astounding 80% of Netflix views.
(Source: MobileSyrup)
39. As of 2021, Criminal Minds' was the Most-watched Licensed Netflix Show.According to Adweek's data, with an astounding 34 billion minutes of viewing, Criminal Minds became the most popular licensed program on Netflix in 2021. With this accomplishment, Criminal Minds overtook The Office to become the platform's most-streamed show. Popular television programs like Grey's Anatomy racked up 32.6 billion minutes, and NCIS (29.5 billion minutes) closely followed.
(Source: Adweek)
40. Within the First Ten Days of the Tiger King' Streaming, 34 Million Viewers were Queued to Watch.Within the first ten days of its debut, Tiger King: Murder, Mayhem, and Madness, a real crime documentary series on Netflix, attracted 34 million viewers. Social media and a wave of memes were vital in enticing online viewers and aiding its quick prominence.
(Source: Variety)
41. Netflix is Highly Recognized, as the Streaming Service has Over 800 Nominations and 250 Awards for Sharing Original Content.Netflix's original programming approach goes beyond sheer quantity and places a big emphasis on winning awards. With over 800 award nominations and 250 distinguished wins for its original content, the firm has come a long way in this area. Notably, the highly regarded television program The Crown" has significantly contributed to this accomplishment, garnering 129 prizes.
(Source: Wikipedia)
42. The Tendency to Spend $20 Million Per Hour on All of Netflix's Original Content Cannot be Ruled Out.Netflix is proactive about winning the streaming wars and is making significant efforts to support this goal. Netflix is willing to spend $20 million per hour on original content, according to CFO David Wells.
(Source: Variety)
43. The Production Cost of Netflix's' The Crown was Over $10 Million Per Episode.With an estimated cost of $13 million per episode, the Netflix original series The Crown, which features British aristocracy, is renowned for its lavish production and meticulous attention to detail. Stranger Things, a well-liked science fiction series, comes in just behind with an estimated $12 million per episode budget.
(Source: ScreenRant)
44. Comedians get Paid Millions of Dollars to Produce Stand-up Performances for Netflix.Chris Rock won an incredible $40 million deal for two comedy specials, while Dave Chappelle made an astonishing $60 million for his three-part stand-up special. By getting these well-known stars, Netflix hopes to provide a wide variety of comedic programming that appeals to a broad audience.
(Sources: Business Insider, Fortune)
45. Top Providers Offer the Same ISP Speeds, While More Minor Streaming Services Provide Faster Speeds.Netflix's ISP Speed Index monitors and publishes ISP streaming speeds during primetime. According to the 2021 data, Comcast offers the fastest pace in the US at 3.6 Mbps, followed by AT&T and Frontier at 3.4 Mbps. As many users stream in SD or lower quality, Netflix suggests a minimum of 5 Mbps for HD streaming. However, according to Netflix, only some people pour Ultra HD, which needs 15 Mbps of Internet.
(Source: ISP Speed Index)
There are more than 60 languages available on Netflix. The corporation attempted to outsource its translation needs to several independent translators worldwide. This program was only successful for a year. The failure of HERMES was caused by Netflix's inability to onboard and manage its vast number of translators.
To streamline the process and guarantee successful content localization for its global audience, the company has switched to relying on a small number of translation and localization providers.
(Source: WhatsOnNetflix)
47. 17% of Worldwide Video Streaming Subscriptions in 2021 were Accredited to Netflix.According to the MPAA's 2021 Theme Report, there were 1.3 billion online video subscribers by the end of 2021, a significant 200 million subscription gain from the year before. With 220 million subscribers globally, Netflix commands a 16.9% market share for digital streaming services worldwide.
(Source: MarketResearch)
48. 30% of Users With Multiple Streaming Services also Subscribe to Netflix.Although it only controls about 17% of streaming service subscriptions, Netflix has a much broader customer base. Nearly 30% of people globally who use one or more subscription services also use Netflix, according to eMarketer.
(Source: Emarketer)
49. Gen Z Prefers On-demand OTT Services Over Live TV Streams.There is a sizeable generational separation in TV viewing preferences. The younger generation, Gen Z, registers a significant priority for streaming media, with about one-third saying they never watch live TV. The elder generation, sometimes known as the Boomers, prefers to watch traditional television, with 36% saying they don't use streaming services.
(Source: NScreenMedia)
50. Netflix Solely Causes 9.39% of the World's Downstream Traffic on the Internet.In the first half of 2022, Netflix accounted for a sizable share of the world's downstream traffic volume, according to Sandvine's Global Internet Phenomena Report. According to the research, Netflix accounted for roughly 9.39% of all downstream traffic worldwide.
(Source: Sandvine)
51. 26% of Streaming Traffic in Europe, the Middle East, and Africa (EMEA) Countries is Caused by Netflix.With regional variations, Netflix surpasses the global average of about 12%, accounting for an astonishing 26.09% of total downstream traffic in the EMEA region.
(Source: Sandvine)
52. Netflix Subscribers Worldwide have a Minimum of Six Shows They Watch or Have Watched in Common.Netflix has found that its broad user base is united by the fact that every one of its subscribers has at least six Series or movies in common.
(Source: NetflixBlog)
53. There is Almost No Gender Difference in the Number of Netflix Subscribers.The report states that Netflix has a balanced viewership, with 51% female and 49% male viewers.
(Source: Finance Online)
54. In 2021, Netflix was Preferred by 47% of Americans Over Other Services.According to the research, Disney Plus and Hulu received support from only 13.6% and 13% of Americans, respectively. These statistics contrast assumptions that these streaming competitors would begin to share Netflix's subscriber base. Surprisingly, Amazon Prime captured a marginally higher share with 14%.
(Source: News10)
55. 27% is the Estimated Rate of Netflix's Account Sharing in the UK.According to The Guardian, roughly 27% of UK Netflix users share their credentials with friends, family, and loved ones. However, the implementation of password-sharing fees is anticipated to lower this number.
(Source: The Guardian)
The Bottom LineSubscribers tend to stick to Netflix due to its original and quality content. However, the company may have to do better than releasing quality movies as the rise of other rival services continues. The statistics in this article provide insight into the happenings surrounding the video streaming service, and more are set to occur.
Ultimately, 2023 holds a wide range of possibilities for growth and advancement. There are reports of video game inclusions on its platform, so expectations of an effective marketing strategy to retain its customers are high.
FAQsWhat will Netflix's market share be in 2023?As of the first quarter of 2023, Amazon Prime Video had the most significant market share in the US SVOD market at 21%. Following closely after, with 20% and 15% market shares, respectively, were Netflix and Disney+.
What are Netflix's statistics?In Q1 2023, Netflix reported $8,162 million in revenue. In 2022, Netflix earned a total of about $31.61 billion. This is an increase from 1.67 billion dollars ten years ago. The business generated $4.49 billion in net profits in 2022 and employed 11,300 people worldwide.
What does Netflix's subscriber count be in 2023?By 2023, Netflix is anticipated to have 251.15 million customers, an 8.8% growth from its roughly 230.75 million users in 2022. Regarding revenue, Netflix brought in $ 31.61 million in 2022, and predictions indicate that it will rise by about 7% in 2023, or roughly $33.7 million.