Netflix India's profit surges 63% in FY25

Mumbai: The Indian unit of global streaming giant Netflix reported a 63% increase in net profit to ₹85 crore for FY25, according to its filings with the Ministry of Corporate Affairs (MCA), sourced from Tofler. Netflix Entertainment Services India LLP had posted a profit of ₹52 crore in the previous financial year.Revenue from operations grew 32% to ₹3,769 crore from ₹2,846 crore a year earlier, driven by strong subscriber additions through direct acquisitions and bundling partnerships with telecom operators.While Netflix does not disclose subscriber numbers, industry estimates place its base at around 20-22 million users across direct-to-consumer and bundled plans.Including other income of ₹73 crore, total income stood at ₹3,842 crore. Total expenditure rose 32% to ₹3,711 crore from ₹2,811 crore."Other expenses", which cover key operational costs such as content production, marketing and related expenses, increased to ₹3,616 crore in FY25 from ₹2,688 crore. Personnel costs declined to ₹88 crore from ₹106 crore.Netflix India declined to comment on the financials.124812770Total assets and liabilities rose to ₹1,368 crore as on March 31, 2025 from ₹1,116 crore a year earlier. The LLP had no secured or unsecured loans during the year.Partner contributions remained unchanged at ₹65 crore, while reserves and surplus grew to ₹218 crore from ₹133 crore in FY24, reflecting retained earnings for the year.Trade payables and customer advances increased to ₹863 crore from ₹703 crore, while deferred revenue and statutory dues stood at ₹214 crore, marginally higher than ₹208 crore a year earlier.Cash and cash equivalents stood at ₹800 crore, compared with ₹861 crore at the end of FY24. Loans and advances jumped to ₹371 crore from ₹115 crore, while trade receivables rose to ₹137 crore from ₹86 crore.The filings noted potential income tax liabilities for assessment years 2021-22 and 2022-23 that are "not reasonably ascertainable" due to ongoing proceedings before the Income Tax Appellate Tribunal and the Commissioner of Income Tax (Appeals).At the World Audio Visual and Entertainment Summit held in Mumbai in May, Netflix co-CEO Ted Sarandos said the company's investments in India generated an economic impact of $2 billion between 2021 and 2024.Sarandos said Indian content gained strong global traction and contributed 15% to Netflix's Top 10 non-English titles worldwide in 2024. At least one Indian title featured in the global Top 10 every week, with stories from the country reaching audiences in more than 80 nations.

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