Mumbai: The Indian unit of global streaming giant Netflix reported a 63% increase in net profit to Rs. 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 Rs. 52 crore in the previous financial year.

Revenue from operations grew 32% to Rs. 3,769 crore from Rs. 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 Rs. 73 crore, total income stood at Rs. 3,842 crore. Total expenditure rose 32% to Rs. 3,711 crore from Rs. 2,811 crore.

"Other expenses", which cover key operational costs such as content production, marketing and related expenses, increased to Rs. 3,616 crore in FY25 from Rs. 2,688 crore. Personnel costs declined to Rs. 88 crore from Rs. 106 crore.

Netflix India declined to comment on the financials.

Total assets and liabilities rose to Rs. 1,368 crore as on March 31, 2025 from Rs. 1,116 crore a year earlier. The LLP had no secured or unsecured loans during the year.

Partner contributions remained unchanged at Rs. 65 crore, while reserves and surplus grew to Rs. 218 crore from Rs. 133 crore in FY24, reflecting retained earnings for the year.

Trade payables and customer advances increased to Rs. 863 crore from Rs. 703 crore, while deferred revenue and statutory dues stood at Rs. 214 crore, marginally higher than Rs. 208 crore a year earlier.

Cash and cash equivalents stood at Rs. 800 crore, compared with Rs. 861 crore at the end of FY24. Loans and advances jumped to Rs. 371 crore from Rs. 115 crore, while trade receivables rose to Rs. 137 crore from Rs. 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.