Netflix UK Revenues Surge to Record High Amid Password Crackdown

The streaming giant's UK profits soared by 57% in 2023, driven by increased subscriber numbers and price hikes.

Netflix's UK revenues reached £1.7 billion in 2023, marking an 8% increase from the previous year.
The company's crackdown on password sharing contributed to a 7% growth in its UK subscriber base.
Pre-tax profits in the UK surged by nearly 80%, totaling £61 million, while the tax bill doubled to £14.2 million.
Price increases for subscription plans also boosted revenue, with the basic plan rising to £7.99 and the premium to £17.99.
Major UK releases like 'The Crown' finale, 'Bridgerton,' and 'Sex Education' played a key role in driving subscriber growth.