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Netflix · 2025 report · 12 min

How Netflix is organized

Amazon reports three businesses. Netflix reports one. So who runs what inside a company that sells just one thing?

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Ticket 01 · The guess

How many businesses does Netflix report?

Big companies split their annual report into parts called segments, each with its own sales and profit. Amazon, for one, reports three.

How many segments does Netflix report?

5 segments
110
Words to know

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Sources and every number (2)

Sources

  • Netflix, Inc. Form 10-K for the fiscal year ended December 31, 2025 · Netflix, Inc. (filed with the U.S. SEC), 2025
  • Netflix, Inc. Exhibit 21.1 to the Form 10-K for 2025: list of significant subsidiaries · Netflix, Inc. (filed with the U.S. SEC), 2025

Every number

  • 1 segmentsec.gov ·2025 · Netflix's report says it operates as one operating segment (Item 1 and the segment note), 2025.
  • 29.5%sec.gov ·2025 · Operating margin, 2025, from the segment note.
  • 8 significant subsidiariessec.gov ·2025 · Counted from Exhibit 21.1 to the Form 10‑K for 2025, the list of significant subsidiaries. Smaller ones are left off the list.
  • 100%sec.gov ·2025 · How much of each significant subsidiary Netflix owns, from Exhibit 21.1 to the Form 10‑K for 2025.
  1. Lessons›
  2. Big companies›
  3. Netflix
  • ·Before this: How Netflix makes money
  • ·Next: The password-sharing crackdown
  • ·Free guide: How Netflix makes money
Skip to the lesson
Back to the home page and map, from TryOwning · Netflix · Lesson 2
Part 1 of 2Part 1 of 2, 0 done

Netflix · 2025 report · 12 min

How Netflix is organized

Amazon reports three businesses. Netflix reports one. So who runs what inside a company that sells just one thing?

$
Ticket 01 · The guess

How many businesses does Netflix report?

Big companies split their annual report into parts called segments, each with its own sales and profit. Amazon, for one, reports three.

How many segments does Netflix report?

5 segments
110
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

·
Sources and every number (2)

Sources

  • Netflix, Inc. Form 10-K for the fiscal year ended December 31, 2025 · Netflix, Inc. (filed with the U.S. SEC), 2025
  • Netflix, Inc. Exhibit 21.1 to the Form 10-K for 2025: list of significant subsidiaries · Netflix, Inc. (filed with the U.S. SEC), 2025

Every number

  • 1 segmentsec.gov ·2025 · Netflix's report says it operates as one operating segment (Item 1 and the segment note), 2025.
  • 29.5%sec.gov ·2025 · Operating margin, 2025, from the segment note.
  • 8 significant subsidiariessec.gov ·2025 · Counted from Exhibit 21.1 to the Form 10‑K for 2025, the list of significant subsidiaries. Smaller ones are left off the list.
  • 100%sec.gov ·2025 · How much of each significant subsidiary Netflix owns, from Exhibit 21.1 to the Form 10‑K for 2025.
  1. Lessons›
  2. Big companies›
  3. Netflix
  • ·Before this: How Netflix makes money
  • ·Next: The password-sharing crackdown
  • ·Free guide: How Netflix makes money