Netflix Reveals Results by Region, Shows Triple-Digit Growth in Asia-Pacific & Europe

Disclosing the figures in a new 8-K filing with the SEC.

By
Entertainment 
2,045 Hypes 1 Comments

Netflix has revealed its results by region for the first time in the company’s history. Within the newly disclosed figures, shown in an 8-K filing with the SEC on Monday, Netflix reveals immense growth across Europe and Asia-Pacific, both of which show triple-digit growth over the past two years.

In the Asia-Pacific region, the streaming giant saw revenue grow 153% over the past two years, reaching $382 million USD at the end of the third quarter of 2019. During that period paid subscriptions grew 148%, reaching 14.49 million paying customers. Within the European region, which includes the Middle East and Africa, subscription revenue grew 105% to $1.43 billion USD in Q3 2019, with the number of subscribers standing at 47.4 million at the end of the third quarter. In Latin America, streaming revenue increased 71% in the past two years, topping out at $741 million USD in revenue at the end of Q3 — membership grew 61% during that timeframe to 29.4 million.

Lastly, the U.S. and Canada, where Netflix’s stronghold remains, reached $2.62 billion in revenue, seeing a 57% increase during the past two years, with 67.1 million subs from the region at the end of September, an 18% increase over the past two years.

The low results in the U.S. and Canada are due in part to the rising cost of subscriptions, driving potential investor concerns as to whether or not Netflix is losing its hold over these markets as competitors swarm in with cheaper alternatives. Earlier this Summer, Netflix reported for the first time since 2011 that it had lost subscribers in the United States.

For more, Netflix is diving into Kevin Hart’s scandals in a new six-part documentary.

Read Full Article

What to Read Next

Gucci Applies Intarsia "GG" Stripe on Latest Headwear
Fashion

Gucci Applies Intarsia "GG" Stripe on Latest Headwear

Arriving on a houndstooth bucket hat and wool cap.

Nickeloden Revives 'Legends of the Hidden Temple' for Adults
Entertainment

Nickeloden Revives 'Legends of the Hidden Temple' for Adults

Preserving trademark features such as the Temple Run stage & the talking Olmec head.

JBL Is Crowdfunding Sustainable Solar-Powered Headphones
Tech

JBL Is Crowdfunding Sustainable Solar-Powered Headphones

The REFLECT Eternal aims to deliver “virtually unlimited” playtime.


Mez Shares Behind the Scenes Look at SiR & Zacari's "Mood" Music Video
Music

Mez Shares Behind the Scenes Look at SiR & Zacari's "Mood" Music Video

The multi-hyphenate discusses directing the Tarantino-esque visual.

josé wong's Latest Mask Is Made from Upcycled Sneakers
Fashion

josé wong's Latest Mask Is Made from Upcycled Sneakers

Made from Asics and Mizuno trainers.

Fyre Festival Trustee Files 14 Lawsuits to Repay Investors
Entertainment

Fyre Festival Trustee Files 14 Lawsuits to Repay Investors

Seeking funds from Kendall Jenner, blink-182, Pusha T & more.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.