Growth Metrics

Netflix (NFLX) EBITDA (2016 - 2025)

Netflix has reported EBITDA over the past 17 years, most recently at $3.0 billion for Q4 2025.

  • Quarterly results put EBITDA at $3.0 billion for Q4 2025, up 30.09% from a year ago — trailing twelve months through Dec 2025 was $13.3 billion (up 27.92% YoY), and the annual figure for FY2025 was $13.3 billion, up 27.92%.
  • EBITDA for Q4 2025 was $3.0 billion at Netflix, down from $3.2 billion in the prior quarter.
  • Over the last five years, EBITDA for NFLX hit a ceiling of $3.8 billion in Q2 2025 and a floor of $549.9 million in Q4 2022.
  • Median EBITDA over the past 5 years was $1.9 billion (2021), compared with a mean of $2.1 billion.
  • Biggest five-year swings in EBITDA: crashed 33.79% in 2021 and later skyrocketed 172.07% in 2023.
  • Netflix's EBITDA stood at $631.8 million in 2021, then dropped by 12.96% to $549.9 million in 2022, then skyrocketed by 172.07% to $1.5 billion in 2023, then soared by 51.91% to $2.3 billion in 2024, then skyrocketed by 30.09% to $3.0 billion in 2025.
  • The last three reported values for EBITDA were $3.0 billion (Q4 2025), $3.2 billion (Q3 2025), and $3.8 billion (Q2 2025) per Business Quant data.