Statistical Analysis of Netflix's Revenue, Profit, and Subscriber Data
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This report provides a statistical analysis of Netflix's revenue, profit, and subscriber data from 2012-2020. Mean, mode, and median are performed on the data, and data manipulation techniques are discussed. Visual representations of the data are also provided.
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MS EXCEL TASK
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Table of Contents MS EXCEL TASK..........................................................................................................................1 INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 1. Briefly define the Research subject.........................................................................................3 2. Representation of Raw Data....................................................................................................4 3. Provide practical utilization of the statistical techniques utilised in the Raw Data Sets.........4 4. Discuss the techniques for Data manipulation:.......................................................................6 5. Show the visual representation of the data set with the help of charts and graphs................8 CONCLUSION.............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION This report is prepared for OTT platform Netflix, the data collected is raw data information about the company's revenue, subscriber, profit earned and people got linked to the organisation (Al-Janabi and Alkaim, 2020) . In this report the data being used and gathered have been represented in tables and graph to make visual representation understandable easily. Further statistical tool are used on the data for better evaluation. Mean, mode and median are performed on the information gathered. Functions such as average, summation and count has also to be performed. This all tools and statistical techniques are helpful making strategies that is capable for beating market competition. This report also studies methods of statistical analysis and implement on the organisation to MAIN BODY 1. Briefly define the Research subject. The report formulated acknowledges the various topics of research that are related to Netflix which is an American subscription streaming service provider. The existence of Netflix dates back to the month of august in 1997 as a platform for providing diverse varieties such as television series library and films that were provided with two distinct areas of either the distribution deals or Netflix own label productions named as Netflix originals(Antonakaki, Fragopoulou and Ioannidis,2021).This report consists of the raw data of Netflix that has been collected from various online sources in the time period of 8 years which is from 2012-2020 that aims to display the profits that the platform has earned in this time period. The process after the raw data accumulation utilises various distinctive tools and statistical techniques which assist in themanipulationof datasetsandtheirinterpretationfor thepurposeof providingdata judgements. In the end, a graphical demonstration of the data has been provided so that the performance can be measured and evaluated in a particular way.
2. Representation of Raw Data. The datasets from the various online portals have been imported and presented below in the form of an Excel sheet which has been presented in a systematic way. The systematized form of data will help in applying all the essential test on the given data sets(Bye and Aalberg, 2018). The raw data regards to the prime areas of profit figures, content spent, sales volume and their subscribers which have been mentioned below. 3. Provide practical utilization of the statistical techniques utilised in the Raw Data Sets. The statistical techniques are the tools through which raw data sets can be analysed and evaluated in the best way possible for the purpose of facilitating effective decision making and interpretation of the data. These interpretations assist in the assurance of company's performance for a specified time period for which data collection has been done. These tools are used by many different organisations for analysing their results that are received by considering all the different figures from the competitors and market situations(Charmaz and Belgrave, 2019).
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Mean: As a measure of central tendency, mean is used to calculate the average of the entire data set present. For the purpose of calculating mean, the organisation should first apply summation in the entire data set collected and divide the sum of the entire data with the total number of units present(Choi, Wallaces and Wang, 2018). In this report, the information of data set of Netflix is used for calculating the revenue and the o profits of the company that it generated for a specific time period of 8 years, from 2012 to 2020. it was realised to be around $ 545.44 Million and $ 11.22 billion respectively for the two years. The mean value of the yearly subscriber is represented as $ 82.44 million which shows that Netflix has developed itself as the leader in the streaming industry globally. Median: It is another measure of central tendency and uses the data information to calculate the middle value which can portray the information regarding the entire data set. It is defined to be evaluated with the help of finding the mid element from the Data set present with the company. For the purpose of computing median, the data set is first sorted in either ascending or descending order and then the middle value is termed to be the median.The median calculated for Netflix came to be $8.80, $62.70, $403, $6.88 respectively which displays the median for content spread, subscriber and revenue Mode: It refers to the highest frequency which is present in the data set and is repetitive in nature. It specifically interprets the value which has occurred most number of time in the data information and for Netflix there exists no value which has highest frequency(Darmon, 2019). Hence the mode for the data set below is N/A which shows that there is no value of recurring nature in the entire collection of data in any area of content spent, revenue generated, profits earned or yearly subscribers for 8 years, 2012 to 2020.
The screenshot of the method which has been applied for carrying out statistical techniques has been stated as under: 4. Discuss the techniques for Data manipulation: The data manipulation is method of arranging data in such a way that it becomes easier to understand, interpretative and read(Gurdeep Singh, and et al., 2018). The tools used for data manipulation is statistical method such as maximum and minimum value, summation of data, average function and count. These all are used as parameter for interpretation and analysis of the
data. Theses makes final reports easy interpretations to get accurate results. In the report case of Netflix is discussed data manipulation is used to study the data related to the company. The technique is implemented for checking the accuracy and reliability of the outcome. The sum function gives the total figure for the adds. The average function divided the data in two and give a number that represents the whole data. The count function allows the company to know the number of observation in data set. The extreme point and lowest point is understood by applying the minimum and maximum function(Lawrence, 2019). These following methods are used in the spreadsheet to get the desired result are shown in here by screenshot attached below. Netflix Information Year Profits (Million) Revenue (Billion) Content Spend (Billion) Annual Subscriber (Million) 2012 $ 50.00 $ 3.50 $ 4.65 $ 21.50 2013 $ 228.00 $ 4.30 $ 3.75 $ 25.70 2014 $ 403.00 $ 5.40 $ 3.19 $ 35.60 2015 $ 306.00 $ 6.70 $ 5.27 $ 47.90 2016 $ 379.00 $ 8.80 $ 6.88 $ 62.70 2017 $ 839.00 $ 11.60 $ 8.91 $ 79.90 2018 $ 894.00 $ 15.70 $ 12.00 $ 124.30 2019 $ 993.00 $ 20.10 $ 13.90 $ 151.50 2020 $ 997.00 $ 24.90 $ 11.80 $ 192.90
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Data Manipulation: - Minimum $ 50.00 $ 3.50 $ 3.19 $ 21.50 Maximum $ 997.00 $ 24.90 $ 13.90 $ 192.90 Sum $ 5,089.00 $ 101.00 $ 70.35 $ 742.00 Average $ 565.44 $ 11.22 $ 7.82 $ 82.44 Count9999 5. Show the visual representation of the data set with the help of charts and graphs The graph represented below is based on data gathered from the raw sources providing information about Netflix. This graph represents the performance of the company over a period of time(Rashidi and Cullinane, 2019). ď‚·Revenue: Netflix have became a brand in the market of OTT platform, it is functioning across the globe. There the company's revenue is going higher by passage of time. It also depicts that company is making best use of technology and resources available with it.
ď‚·Content spend: the content has been rising over the period of time. Which clearly shows that audience are taking interest in the content served by Netflix 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 051015202530 Revenue (Billion) 04/07/1905 05/07/1905 06/07/1905 07/07/1905 08/07/1905 09/07/1905 10/07/1905 11/07/1905 12/07/1905 0246810121416 Content Spend (Billion)
ď‚·Profit: On analysis the trend given in the data it can said that company is earning a increased profit in most of the years. ď‚·Annual subscriber: There is increase in the popularity of Netflix among the consumers therefore company covering huge market share. 04/07/1905 05/07/1905 06/07/1905 07/07/1905 08/07/1905 09/07/1905 10/07/1905 11/07/1905 12/07/1905 0 400 800 1200 Profits (Million) 04/07/1905 05/07/1905 06/07/1905 07/07/1905 08/07/1905 09/07/1905 10/07/1905 11/07/1905 12/07/1905 050100150200250 Annual Subscriber(Million)
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CONCLUSION The above report was made in reference to Netflix data used for taken for the research belongs to the year 2012 to 2020. The raw data is collected have sorted and gathered in order to perform statistical test on the same. The data related to revenue, profit, subscription and content spend of Netflix. Statistical tool mean , mode median has been performed on the raw data and after that data manipulation is done on the same.Data manipulation on the Netflix raw data is done to pass judgement about the aspects of the company. Further visual representation of the data has been provided. This makes complex data to be read easy and understandable at a glance. Therefore interpretation becomes easy about the company's revenue, profit, content spend and so on. This all information is useful for the investors and company as well, investors gets information about the competency of the organisation. While the Netflix gets helps in making strategic decisions and framing policies about the future of the company.
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