z2ugame: Netflix releases worldwide subscriber stats by region

Netflix releases worldwide subscriber stats by region

17 Dec 2019 at 05:03pm
Netflix stock rose nearly 4% Tuesday — the biggest move on an otherwise sleepy day for media and technology shares — after investors absorbed newly released global subscriber data. The stock surpassed $316, its highest level in three weeks, before closing at $315.48 on heavier-than-normal trading volume. While Netflix shares spent several months under water in recent months, gains over the past few weeks have pushed them into positive territory for the year to date.

The fact that Netflix has been expanding around the world isn’t a secret. The company takes great pains to underscore its global ambitions every time it talks to investors and media outlets. But this is the first time Netflix has spelled out how it’s doing at this level of detail. It also happens to come as the company faces a slew of new competitors — and as its US growth rate has petered out. Earlier this year, Netflix actually saw its US subscriber number drop for the first time in more than a decade. If you need Buy Netflix Membership Account, you can visit our site z2u.com.

The subscriber base has grown by 25 per cent in the first three quarters of 2019 alone. But the average revenue raised for each of the 47.4m users stood at $10.26, compared with $12.36 in the US and Canada, where Netflix has been more aggressive in pricing. The differences are even more stark in Latin America, the company’s first international market outside the US. Subscriptions have almost doubled to 29.4m since the first quarter of 2017. But revenues per user stand at roughly $8.21, increasing by a modest 10 per cent since the first quarter of 2017 against a 25 per cent rise in the US over the same period.

The US and Canada still have the most subscribers -- 67.1 million -- and brought in $7.4 billion in the first three quarters of 2019. But membership only grew 23 percent from the first quarter of 2017 to the third quarter of 2019. Netflix is also facing competition from new streaming platforms, like Disney+, Apple TV+ and HBO Max. Those could cause growth to slow even more in the saturated US and Canada market, so we may see Netflix focussing on growth overseas.

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