Netflix saw profits shoot up in the UK last year while its tax bill doubled.
The streamer, which for just the third year was publishing revenue from UK subscribers via its Netflix Services UK subsidiary, saw operating profit rise by 70%, or £22M ($28M), to £53.7M ($70M). Of equally good news for the SVoD, Netflix’s “member base” aka subscribers rose by 7%, double the increase on the previous year, while there was a rise in the “average number of paid memberships and an increase in average monthly revenue per paying membership,” according to the Companies House filing.
The filing doesn’t give away subs numbers but ratings body Barb’s latest report from Q2 reported that Netflix was in 17.1 million UK homes, up by about 400,000 from Q1.
The results pertain to a year in which Netflix released big UK hits including the final seasons
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