EBITDA for Netflix (NFLX)
According to Netflix's latest reported financial statements, the company's current EBITDA (TTM) is $34.08B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NFLX
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$34.08B
YoY change
+15.0%
5Y CAGR
+14.3%
Peak year (2025)
$30.25B
Cumulative EBITDA
$181.13B
EBITDA history chart for Netflix (NFLX) from 2000 to 2025
EBITDA history table for Netflix (NFLX) from 2000 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $30.25B | +15.0% | ||
| 2024 | $26.31B | +22.3% | ||
| 2023 | $21.51B | +5.8% | ||
| 2022 | $20.33B | +6.8% | ||
| 2021 | $19.04B | +22.8% | ||
| 2020 | $15.51B | +29.1% | ||
| 2019 | $12.01B | +29.6% | ||
| 2018 | $9.26B | +30.3% | ||
| 2017 | $7.11B | +33.2% | ||
| 2016 | $5.34B | +38.5% | ||
| 2015 | $3.85B | +21.0% | ||
| 2014 | $3.18B | +30.2% | ||
| 2013 | $2.44B | +39.5% | ||
| 2012 | $1.75B | +43.7% | ||
| 2011 | $1.22B | +94.7% | ||
| 2010 | $626.02M | +164.5% | ||
| 2009 | $236.71M | -37.1% | ||
| 2008 | $376.17M | +19.0% | ||
| 2007 | $316.15M | +42.7% | ||
| 2006 | $221.55M | +101.4% | ||
| 2005 | $109.99M | +2.3% | ||
| 2004 | $107.56M | +93.9% | ||
| 2003 | $55.46M | +250.9% | ||
| 2002 | $15.80M | -315.8% | ||
| 2001 | -$7.32M | -87.5% | ||
| 2000 | -$58.47M | — |
EBITDA values are taken from Netflix's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Netflix (NFLX) EBITDA is $30.25B – grew 15.0% year-over-year.
Netflix EBITDA compound annual growth for the 2020–2025 (5 years) window is +14.3%, sustaining 16 straight years of year-over-year growth.
2025 marks the peak EBITDA at $30.25B, with the historical low of -$58.47M recorded in 2000.
Netflix (NFLX) sits 7th of 8 Communication Services peers we track on this metric, against a peer median of $47.05B.
Netflix EBITDA by Year
Netflix EBITDA 2025: $30.25B
Netflix EBITDA in 2025 was $30.25B, grew 15.0% from 2024. This figure represents the highest annual value in the available history.
Netflix EBITDA 2024: $26.31B
Netflix EBITDA in 2024 was $26.31B, grew 22.3% from 2023.
Netflix EBITDA 2023: $21.51B
Netflix EBITDA in 2023 was $21.51B, grew 5.8% from 2022.
Netflix EBITDA 2022: $20.33B
Netflix EBITDA in 2022 was $20.33B, grew 6.8% from 2021.
Netflix EBITDA 2021: $19.04B
Netflix EBITDA in 2021 was $19.04B.
See more financial history for Netflix (NFLX).
Sector peers — EBITDA
Companies in the same sector as Netflix, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $179.96B | Communication Services |
| Meta Platforms, Inc. (META) | $104.55B | Communication Services |
| AT&T Inc. (T) | $54.70B | Communication Services |
| Verizon Communications Inc. (VZ) | $47.72B | Communication Services |
| Comcast Corporation (CMCSA) | $46.38B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $32.25B | Communication Services |
| The Walt Disney Company (DIS) | $19.14B | Communication Services |
| Spotify Technology S.A. (SPOT) | $2.36B | Communication Services |
Frequently asked questions
What is Netflix's EBITDA?
- Latest reported EBITDA for Netflix (NFLX) is $34.08B (period ending March 31, 2026).
How has Netflix EBITDA changed year-over-year?
- Netflix (NFLX) EBITDA changed +15.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Netflix EBITDA?
- Netflix (NFLX) EBITDA compound annual growth rate is +14.3% over the most recent 5 years available.
When did Netflix EBITDA hit its highest annual value?
- Netflix EBITDA reached its highest annual value of $30.25B in 2025.
What was Netflix EBITDA in 2024?
- Netflix (NFLX) EBITDA in 2024 was $26.31B.
What was Netflix EBITDA in 2025?
- Netflix (NFLX) EBITDA in 2025 was $30.25B.
Metrics overview
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