Netflix just hit a major milestone in the UK.
The global streamer has posted £2.06B ($2.81B) revenues for full-year 2025, meaning it generated more cash than the country’s leading commercial broadcaster, ITV, and is well ahead of smaller PSB rivals Channel 4 (£1B) and Paramount-owned 5 (£318M). The BBC‘s is funded by the licence fee and does not account in a comparable way.
Netflix’s revenue grew 11.3% from the £1.85B posted in 2024, according to a Companies House filing, with the growth pegged primarily to 7% growth in the average number of paying customers and “higher average monthly revenue” per paying member.
The 2025 figure compares with the £1.9B ITV’s media and entertainment made in its latest full-year results. The division, which houses ITV’s channel suite and streamer ITVX, is being sold to Sky. When production wing ITV Studios is added in, ITV plc posted revenues of £4.12B.
Netflix UK‘s operating profit for the financial year ended December 31, 2025, was £44.9M, up slightly on the £43.2M the year before, with profit after tax coming in at £53.3M, up 11.5%.
The news will surely be a big talking point at the final Edinburgh Television Festival this week in the Scottish capital, where Netflix and the UK’s other major streamers and broadcasters will take to stage to talk to the industry. Netflix UK’s Doc Series boss, Adam Hawkins, is the fest’s advisory chair this year.
Netflix launched in the UK in 2012 as part of its first expansion into Europe, and has since grown into one of the dominating forces in British broadcasting through shows such as Baby Reindeer, The Gentlemen and Adolescence.
With the BBC’s licence fee model in crisis, the idea of forcing streamers to support the UK’s leading public broadcaster in collecting its funding. The Motion Picture Association, which represents Netflix and the U.S. studios, has slammed the idea and even BBC Director General Matt Brittin has admitted the plan would be “difficult” to enforce.
Earlier this year, regulator Ofcom’s Media Nations report revealed Netflix was ahead of the BBC, ITV and YouTube as the service viewers first thought of when deciding what to watch. The number of 16-24s choosing the streamer first was further ahead of rivals.
The filing to Companies House showed that Netflix UK Services Limited, the company Netflix uses to house its earnings in Britain, distributed interim dividends of £30M on July 21, 2025. It also increased the amount loaned from Netflix to nearly £400M, with an extended maturity date of August 1, 2028, and became a subsidiary of Amsterdam-based Netflix International, which merged with Netflix Services Holdings in May last year.
According to the filing, Netflix employed an average of 342 staff in the UK in 2025, up from 263 the year before.
