Netflix Studios U.K., the streamer’s U.K.-based production and content arm responsible for shows including “Bridgerton” and “Sex Education,” has posted £103.2 million …
Studios U.K., the streamer’s U.K.-based production and content arm responsible for shows including “Bridgerton” and “Sex Education,” has posted £103.2 million worth of revenue for the year ending Dec. 31, 2021.
The revenues are entirely comprised of services rendered to the studio’s parent, Netflix Inc. The financial report, which was filed on Friday at company registrar Companies House in London, put the increase in revenue down to an “increase in use of studio space during the year.” This was partly due to a 32% increase in the company’s general and administrative expenses, which hit £96.4 million in 2021, up from £73.1 million in 2020. Of that sum, £20.5 million accounted for employee expenses, with headcount increasing from 160 in 2020 to 225 in 2021.
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