May 29, 2026 – 10.21amAustralians’ willingness to spend money on streaming platforms is growing, with Netflix more profitable than ever in the country after reporting a surge in revenue, most of which was funnelled offshore.The world’s dominant subscription streaming platform posted $1.47 billion in revenue in Australia in 2025, $1.35 billion of which was sent overseas as “distribution fees” to its parent entities.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles