Netflix UK grew subscriber revenues 11% to hit £1.8bn in 2024, although profits slowed, according to its latest financial accounts.

In a Companies House filing for its subsidiary Netflix Services UK, the streaming giant’s revenues increased from £1.7bn in 2023.

Netflix attributed this to membership fees and services provided to its Amsterdam-based Netflix International business and US business Netflix, Inc.

It added that average paid memberships grew 11%, although the UK operation does not break down subscriber numbers. Barb’s recent Establishment Survey said Netflix had increased its presence in UK homes to reach 17.4m in Q1 2025 up from 17.1m in Q4 2024.

However, Netflix UK’s overall operating profit dipped from £53.7m in 2023 to hit £43.2m last year – a year-on-year drop of around a

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