Netflix logs UK revenue of £1.4B in 2021
Mario Tama/Getty Images News


Netflix (NASDAQ:NFLX) recorded Â£1.4B in revenues in the UK in 2021, the first time it's posted its UK revenues after abandoning a practice of funneling the revenues through other European jurisdictions for tax reasons.
That figure is more reflective of what Netflix (NFLX) makes from British subscribers, though it marks a 1,630% increase from the figure reported in 2020 (when Netflix routed those revenues elsewhere).

Pretax profits from the UK nearly tripled to Â£27.9M, and tax paid on profits nearly doubled to Â£7M.
The company had pledged in November 2020 to start declaring its income from British subscribers rather than accounting for it in the Netherlands.
Netflix reinvests a significant chunk of its revenues into an annual content budget of Â£1B to make TV series and films in the UK, where it also boosted headcount by 44% in 2021.