17 DEC 2019

NETFLIX SUBMITTED ITS OPERATING RESULTS BY REGION

For the first time ever, the streamer has disclosed operating results for its international business by region, showing solid growth particularly in Europe and Asia-Pacific with triple-digit growth over the last two years.

17 DEC 2019

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For the first time ever, Netflix has disclosed operating results for its international business by region, showing solid growth particularly in Europe and Asia-Pacific with triple-digit growth over the last two years. In the Asia-Pacific region, revenue over the past two years grew 153% to $382 million at the end of the third quarter of this year. Streaming subscribers grew 148% over that time period, to 14.49 million paying customers in the Q3 of 2019.

For the European region, which includes the Middle East and Africa, subscription revenue increased 105% over the last two years to $1.43 million for the third quarter of 2019. Subscribers in EMEA stood at 47.4 million as of the end of Q3, up 105% versus two years prior. In Latin America, streaming revenue increased 71% from the end of the third quarter of 2017 to $741 million at the end of the third quarter of 2019. Membership in this period grew 61% over that timeframe to 29.4 million.

The United States and Canada, where Netflix has offered streaming the longest out of any region the world, remain its biggest markets. It had $2.62 billion in revenue for US/Canada in Q3 2019, an increase of 57% from the same period two years prior. Netflix had 67.1 million subs in the US and Canada as of the end of September, up 18% over two years. Furthermore, Netflix reported 60.62 million US paid streaming members as of the end of the third quarter, meaning it had about 6.5 million in Canada at the end of the period.