Netflix reported revenue of $29.7 billion for fiscal year 2021, an increase of 18.81% from 2020. Gross income grew 27.22% to $12.4 billion while net income increased 85.28% to $5.1 billion. Selling, general and administrative expenses rose 20.18% to $6.2 billion as the company continued investing in new content and marketing.
Netflix reported revenue of $29.7 billion for fiscal year 2021, an increase of 18.81% from 2020. Gross income grew 27.22% to $12.4 billion while net income increased 85.28% to $5.1 billion. Selling, general and administrative expenses rose 20.18% to $6.2 billion as the company continued investing in new content and marketing.
Netflix reported revenue of $29.7 billion for fiscal year 2021, an increase of 18.81% from 2020. Gross income grew 27.22% to $12.4 billion while net income increased 85.28% to $5.1 billion. Selling, general and administrative expenses rose 20.18% to $6.2 billion as the company continued investing in new content and marketing.