Netflix Releases International Revenue And Subscription Data

Netflix Inc NFLX has disclosed its revenue and subscription data for regions outside of the U.S. for the first time, according to The Wall Street Journal.

What Happened

In a federal securities filing on Monday, Netflix, for the first time, has revealed its subscription data for operations outside the U.S. and Canada.

The new data shows that the streaming service has seen faster growth in regions outside of the U.S. in the period between 2017 and 2019.

Netflix’s subscription growth in Europe, the Middle East and Africa region has more than doubled since the first quarter of 2017, which makes that region the streaming company’s largest market outside of the U.S. and Canada, according to The Wall Street Journal. 

The company’s subscriptions in those regions grew 140%, from 19.7 million in March 2017 to 47.4 million in September 2019. Revenue numbers during that period almost tripled to $4 billion.

Netflix grew from 15.4 million subscribers to 29.4 million subscribers during the same period in the Latin America region, which more than doubled the company’s revenues from the area to $2 billion.

Asia-Pacific region saw a threefold subscription growth from 4.7 million to 14.5 million and more than 100% revenue growth from $116 million to $1 billion during the same period.

Why It Matters

The increasingly competitive U.S. streaming market has slowed Netflix’s growth in recent months.

The company said in October that it is serious competition for the first time since it started streaming more than a decade ago.

Netflix also lowered its subscriber growth projection for the fourth quarter of 2019, as competition loomed from rival companies like Apple Inc. AAPL and Walt Disney Co DIS.

The new data on overseas growth could help Nexflix persuade Wall Street to focus on its growth outside of the highly competitive U.S. market, according to The Wall Street Journal.

Posted In: EarningsNewsMediaGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.