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![Netflix Inc [NFLX] reports annual net loss of $5,407,990.0 trillion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FNFLX.png&w=1200&q=75)
NETFLIX INC [NFLX] has reported a net loss of $5,407,990.0 trillion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $33,723,297.0 trillion
Based in Los Gatos, California, NETFLIX INC operates in the SERVICES sector.
In the 12 months ended December 31, 2023, the company reported a total revenue of $33.72 billion, an increase from the previous year's revenue of $31.62 billion in the same period of 2022, and $29.70 billion in 2021.
The cost of revenues for the same period was $19.72 billion in 2023, compared to $19.17 billion in 2022 and $17.33 billion in 2021.
Operating income for the company in 2023 was $6.95 billion, showing growth from $5.63 billion in 2022 and a decline from $6.19 billion in 2021.
The net income for the company at the end of December 31, 2023, was recorded at $5.41 billion, higher than the previous year's $4.49 billion in 2022 and slightly lower than $5.12 billion in 2021.
The earnings per share for basic amounts were $12.25 in 2023, an increase from $10.10 in 2022 and $11.55 in 2021. For diluted earnings per share, the company reported $12.03 in 2023, up from $9.95 in 2022 and $11.24 in 2021.
The weighted-average shares of common stock outstanding for basic shares were 441.57 million in 2023, down from 444.70 million in 2022 and 443.16 million in 2021. For diluted shares, the company had 449.50 million shares in 2023, compared to 451.29 million in 2022 and 455.37 million in 2021.
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