Netflix advertising spend, FY2025

Netflix (NFLX) reported $2B of advertising expense for the fiscal year ended Dec 31, 2025. That is 4.4% of revenue of $45.2B. Up 12.5% from FY2024.

Ad spend, FY2025
$2B
year ended Dec 31, 2025
Change vs prior year
+12.5%
vs FY2024
Share of revenue
4.4%
of $45.2B revenue
Rank by ad spend
#36
of 336 companies

Key facts

  • Ad spend is 2.8x its FY2015 level ($714M), slower than revenue (6.7x).
  • FY2025 is the highest year on file, going back to FY2007.
  • Largest increase +65.7% in FY2018; largest cut -23.0% in FY2020.
  • Ad spend has risen 3 years in a row.
  • Ad spend is 4.4% of revenue, down from 5.8% in FY2020.
  • Netflix spends more on advertising than 90% of the 336 US-listed companies tracked. Its ad-to-revenue ratio is below the median of 5.2%.

Ad spend by fiscal year

$0 $1B $2B $3B FY2007 (ended 2007-12-31): $218M 2007 FY2008 (ended 2008-12-31): $200M FY2009 (ended 2009-12-31): $175M FY2010 (ended 2010-12-31): $212M 2010 FY2011 (ended 2011-12-31): $299M FY2012 (ended 2012-12-31): $351M FY2013 (ended 2013-12-31): $404M 2013 FY2014 (ended 2014-12-31): $533M FY2015 (ended 2015-12-31): $714M FY2016 (ended 2016-12-31): $842M 2016 FY2017 (ended 2017-12-31): $1.1B FY2018 (ended 2018-12-31): $1.8B FY2019 (ended 2019-12-31): $1.9B 2019 FY2020 (ended 2020-12-31): $1.4B FY2021 (ended 2021-12-31): $1.7B FY2022 (ended 2022-12-31): $1.6B 2022 FY2023 (ended 2023-12-31): $1.7B FY2024 (ended 2024-12-31): $1.8B FY2025 (ended 2025-12-31): $2B 2025 $2B

Ad spend as % of revenue

0% 5% 10% 15% 20% FY2007 (ended 2007-12-31): 18.1% 2007 FY2008 (ended 2008-12-31): 14.6% FY2009 (ended 2009-12-31): 10.5% FY2010 (ended 2010-12-31): 9.8% 2010 FY2011 (ended 2011-12-31): 9.3% FY2012 (ended 2012-12-31): 9.7% FY2013 (ended 2013-12-31): 9.2% 2013 FY2014 (ended 2014-12-31): 9.7% FY2015 (ended 2015-12-31): 10.5% FY2016 (ended 2016-12-31): 9.5% 2016 FY2017 (ended 2017-12-31): 9.3% FY2018 (ended 2018-12-31): 11.4% FY2019 (ended 2019-12-31): 9.3% 2019 FY2020 (ended 2020-12-31): 5.8% FY2021 (ended 2021-12-31): 5.6% FY2022 (ended 2022-12-31): 5.0% 2022 FY2023 (ended 2023-12-31): 5.1% FY2024 (ended 2024-12-31): 4.6% FY2025 (ended 2025-12-31): 4.4% 2025 4.4%

History

Download CSV
Fiscal year Period end Ad spend YoY Revenue Ad / revenue Tag Filing
FY2025 Dec 31, 2025 $2B +12.5% $45.2B 4.4% AdvertisingExpense 10-K Jan 23, 2026
FY2024 Dec 31, 2024 $1.8B +2.7% $39B 4.6% AdvertisingExpense 10-K Jan 23, 2026
FY2023 Dec 31, 2023 $1.7B +9.2% $33.7B 5.1% AdvertisingExpense 10-K Jan 23, 2026
FY2022 Dec 31, 2022 $1.6B -5.0% $31.6B 5.0% AdvertisingExpense 10-K Jan 27, 2025
FY2021 Dec 31, 2021 $1.7B +15.3% $29.7B 5.6% AdvertisingExpense 10-K Jan 26, 2024
FY2020 Dec 31, 2020 $1.4B -23.0% $25B 5.8% AdvertisingExpense 10-K Jan 26, 2023
FY2019 Dec 31, 2019 $1.9B +3.9% $20.2B 9.3% AdvertisingExpense 10-K Jan 27, 2022
FY2018 Dec 31, 2018 $1.8B +65.7% $15.8B 11.4% AdvertisingExpense 10-K Jan 28, 2021
FY2017 Dec 31, 2017 $1.1B +29.6% $11.7B 9.3% AdvertisingExpense 10-K Jan 29, 2020
FY2016 Dec 31, 2016 $842M +17.9% $8.8B 9.5% AdvertisingExpense 10-K Jan 29, 2019
FY2015 Dec 31, 2015 $714M +34.0% $6.8B 10.5% AdvertisingExpense 10-K/A Feb 5, 2018
FY2014 Dec 31, 2014 $533M +32.0% $5.5B 9.7% AdvertisingExpense 10-K Jan 27, 2017
FY2013 Dec 31, 2013 $404M +15.1% $4.4B 9.2% AdvertisingExpense 10-K Jan 28, 2016
FY2012 Dec 31, 2012 $351M +17.4% $3.6B 9.7% AdvertisingExpense 10-K Jan 29, 2015
FY2011 Dec 31, 2011 $299M +40.8% $3.2B 9.3% AdvertisingExpense 10-K Feb 3, 2014
FY2010 Dec 31, 2010 $212M +21.4% $2.2B 9.8% AdvertisingExpense 10-K Feb 1, 2013
FY2009 Dec 31, 2009 $175M -12.4% $1.7B 10.5% AdvertisingExpense 10-K Feb 10, 2012
FY2008 Dec 31, 2008 $200M -8.5% $1.4B 14.6% MarketingExpense 10-K Feb 18, 2011
FY2007 Dec 31, 2007 $218M n/a $1.2B 18.1% MarketingExpense 10-K Feb 22, 2010

What the figure is

Advertising costs as disclosed in the annual report (XBRL tag AdvertisingExpense).

Earlier years use a different tag. The Tag column above shows which one applies to each year.

Compared with similar spenders

The 6 companies closest to Netflix in latest-year ad spend.

Rank Company Ad spend Ad / revenue YoY Fiscal year
30 Baidu $2.2B 11.9% +15.8% FY2025
31 Intuit $2.2B 10.3% +4.8% FY2026
33 AbbVie $2.1B 3.4% 0.0% FY2025
34 Meta $2.1B 1.0% +1.5% FY2025
35 Flutter (FanDuel) $2.1B 12.5% +4.4% FY2025
36 Netflix $2B 4.4% +12.5% FY2025
37 Kenvue $1.8B 12.1% -1.8% FY2025

Full ranking of 336 companies · Biggest increases #113

Questions

How much does Netflix spend on advertising?

Netflix spent $2B on advertising in fiscal 2025, the year ended Dec 31, 2025, according to its 10-K filed Jan 23, 2026.

What percentage of revenue does Netflix spend on advertising?

4.4% of revenue in fiscal 2025 ($2B of $45.2B). The median across the 336 companies tracked is 5.2%.

Is Netflix spending more on advertising?

Yes. Ad spend rose 12.5% in fiscal 2025 from fiscal 2024. It has risen 3 years in a row.

How does Netflix rank by advertising spend?

#36 of 336 US-listed companies with $100M or more in ad spend, ranked on each company's latest fiscal year.

What does Netflix's advertising figure include?

Advertising costs as disclosed in the annual report (XBRL tag AdvertisingExpense).

Source

Filing
10-K for FY2025, filed Jan 23, 2026
Accession number
0001065280-26-000034
Company
NETFLIX INC, CIK 1065280, SIC 7841 (Services-Video Tape Rental)
Data
SEC EDGAR XBRL company facts, retrieved Nov 4, 2026. Methodology.
Cite
Netflix advertising spend, FY2007-FY2025. Aleksei Trudov, io.trudov.com, from SEC EDGAR XBRL company facts (latest: 10-K filed Jan 23, 2026), retrieved Nov 4, 2026. https://io.trudov.com/company/netflix/advertising-spend/
Download
CSV, all years · CSV, all 336 companies