FILE PHOTO: The Netflix logo is seen at an office in Hollywood, Los Angeles, Los Angeles, California, USA July 16, 2018. REUTERS/Lucy Nicholson
(Ap) – the Streaming giant, Netflix, to speed up the growth rate in the world are in the Asia-Pacific, the business record of the largest membership and revenue gains among all of the regions over the past three years.
In an 8-K, filed on Monday, the company provided information on the international business ahead of January’s fourth-quarter earnings report, which will disclose revenue and membership in each region, and for the first time.
Netflix provide a benchmark for investors, with the release of the historic, streaming, sales, membership, and average revenue per paid streaming membership for each region for each quarter of 2017, and 2018 for the first three quarters in 2019; and for the twelve-month period ending Dec. 31, 2017, and 2018 for the nine-month period ended sept. 30, 2019 at the latest.
In the Asia-Pacific region – the company’s smallest revenue was up 153% from the end of the third quarter of 2017 to the end of the third quarter of 2019. The membership grew to 148% in the period.
The growth rate in Europe, the Middle East, and Africa also increased. The membership in the region increased by 132% by the end of the third quarter of 2017 to the end of the third quarter of 2019, and the membership has increased sales by 105% over the period.
In Latin America, where the company says that 33 percent of the broadband homes, and streaming, has increased sales by 71% by the end of the third quarter of 2017 to the end of the third quarter of 2019. As a member in the period grew by 61%.
Netflix has been focusing on the international business as well as the streaming landscape is more crowded, with the Walt Disney Co., Disney+, and Apple’s Apple TV and access to the market, and the other two services, HBO and Max, an AT&T-proprietary WarnerMedia, and Comcast-owned nbc universal’s Peacock – are set to begin next year.
Report by Helen Coster; Editing by Dan Grebler