Netflix ‘s U.K. arm delivered a strong performance in 2024, with revenue climbing 11% to £1.85 billion ($2.48 billion) as the streaming giant continued its expansion in the territory, according to an annual report filed with Companies House.

Netflix Services U.K. Limited, the company’s British distribution arm, reported operating profit of £43.2 million ($58 million) for the year ending Dec. 31, 2024, down from £53.7 million ($72.1 million) the previous year. However, profit after tax rose to £47.8 million ($64.1 million) from £46.5 million ($62.4 million) in 2023.

The revenue boost was driven by an 11% growth in average paid memberships, reflecting Netflix’s continued dominance in the competitive U.K. streaming market. The company’s revenue comprised both membership fees and reimbursem

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