Friday, 16 October 2026 Updated 3 min ago
The News Engine
Latest
Entertainment United States

Netflix Is Profitable and Still Growing. Why Did It Just Make a Huge Round of Layoffs and Oust Its Top Content Exec?

In 2025, Netflix notched a net profit of $11 billion on a 16% increase in revenue, to $46.6 billion.

netflix debt
Image: Variety · via Variety

According to Variety, in 2025, Netflix notched a net profit of $11 billion on a 16% increase in revenue, to $46.6 billion.

It expects revenue growth to cool off this year, projecting an increase of 13%-14%, while the streamer is aiming to boost operating margin by 200 basis points, to 31.5%. It has a healthy balance sheet, with.

This entertainment story centres on the United States. Names and organisations mentioned in the coverage include Netflix Is Profitable, Huge Round of Layoffs and Oust Its Top Content.

Why it matters

Entertainment news like this shapes what audiences watch, hear and talk about, and can affect the wider creative industry.

Key details

Location
United States · Americas
Reported by
Variety
First reported
Key names
Netflix Is Profitable, Huge Round of Layoffs, Oust Its Top Content, Netflix
Section
Entertainment

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at Variety

Spotted an error? Request a correction · How this summary was produced

Related Stories