Netflix Earned $1Bn in Revenues From Asia Pacific in First 3 Quarters of 2019

Dec. 17, 2019

With the US market getting more saturated with every passing year, Netflix is looking abroad for growth, and so far at least, the strategyseems to be paying rich dividends.According to the company’s filings with the US Securities and Exchange Commission (SEC), the Asia Pacific (APAC) region was the fastest growing region for the company, accounting for $1 billion in total revenues during the first three quarters of this year.

However, for all that progress, the number still amounts to just 9 percent of the company’s total subscriber base, making it the smallest part of its global business. However, it is still the fastest-growing region for the company, which shows that there’s tremendous growth potential going forward. Europe, Middle East and Africa (EMEA) was the second-fastest-growing region with 47 million subscribers,saidthe company.

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