• About
  • Contact
Sunday, January 17, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home OTT Netflix

Netflix Reaches $1 Billion Revenue Asia Pacific region During 2019

Pritish raj by Pritish raj
December 17, 2019
in Netflix, News, OTT
2 min read
0
netflix asia pacific revenue source: netflix.com

Netflix recently rolled out mobile only plan for Rs. 199 in India. Source- netflix.com

Share on FacebookShare on Twitter
  • In the first 9 months of 2019, Netflix has reached $1 billion in revenue from the Asia Pacific region, reporting a 57 percent increase from 2018.

In the first nine months of 2019, Netflix has reached $1 billion in revenue from the Asia Pacific region, reporting a 57 percent increase from $669 million in the same timeframe last year.

The streaming giant that for the first time broke down its international business’ sales and subscriber base said it had 14.48 million subscribers in the Asia Pacific region as of September 30, 2019, up from 9.46 million subscribers in the same period last year and almost tripled from 5.8 million subscribers in the corresponding period in 2017.

Except for India, the Asia Pacific region covers Japan, New Zealand, Australia, South Korea, Indonesia, Thailand, Philippines, Malaysia, Singapore, Vietnam, and Singapore.

Although Asia remains a small portion of Netflix’s overall business, the data show has posted the highest revenue and subscriber base growth across all regions over the past three years.

Europe, the Middle East, and Africa (EMEA) market is now Netflix’s largest non-U.S. region, with a subscriber base of 47.4 million and revenues of almost $4 billion as of September 30, 2019, compared to 33.8 million subscribers and revenues of $2.87 billion over the same span.

Netflix’s subscriber base in Latin America has risen from 24.1 million subscribers in the corresponding period last year to 29.4 million as of September 30, 2019. Revenue also rose from $1.67 billion in the corresponding period last year to $2 billion for the first nine months in 2019.

That said, what might be a concern for the California-based Los Gatos company is the lower revenue per user in international markets, especially in price-sensitive markets such as India.

In the Asia Pacific region, Netflix generated an average of $9.31 per subscriber, compared with $10.26 in the EMEA region and $12.36 in the United States for the nine months ended September 30, 2019.

As the streaming service seeks to expand its access to new cheaper plans in emerging markets, this could potentially dip further.

In July this year, Netflix unveiled a mobile-only service in India and is currently testing the country’s discounted long-term subscription plans, ET announced on December 11. It is also carrying out mobile-only services in other Asian markets such as Malaysia and exploring different pricing structures to expand its subscriber base, said Greg Peters, chief product manager of Netflix in October this year.

ET reported last month that the Indian subsidiary of Netflix saw a 700 percent increase in its FY19 sales to Rs 466.7 crore for the financial year with a net profit of Rs 5.1 crore.

However, since the company does not share the cost or amortization ratio of region-wise content, it is difficult to determine operating profitability on the market.

The Indian arm of American streaming service Netflix expanded more than 700 percent during 2018-19, posting Rs. 466.7 crore sales for FY19 with a net profit of Rs. 5.1 crore, according to its filing with the company registrar. The video-on-demand company owned by Reed Hastings had a turnover of Rs. 58 crore in FY18 with Rs. 20 lakh net profit.

Netflix is competing in India with, among others, Disney-owned Hotstar, Amazon Prime Video, ZEE5, Times Internet -owned MX Player, ALTBalaji, Sony LIV, and Viacom18 Voot.

Previous Post

Whirlpool India MD Resigns, To Be Replaced By Vishal Bhola

Next Post

More than 10,000 drivers register on Ola ahead of Launch in London

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
Ola Employees London- Next Big Brand

More than 10,000 drivers register on Ola ahead of Launch in London

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

David Beckham Reportedly Makes More Money From FIFA 21 Than He Did By Playing

David Beckham Reportedly Makes More Money From FIFA 21 Than He Did By Playing

2 months ago
OnePlus India-made Device- Next Big Brand

OnePlus Starts Exporting India-made Devices To Western Market

1 year ago
Maruti Suzuki BS VI- Next Big Brand

Maruti Suzuki Sells More Than 3 Lakh BS-VI Petrol Vehicle Since Launch

1 year ago
Tata Consultancy Services TCS

Tata Consultancy Services Named 3rd Most-Valued IT Services Brand Globally

2 years ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion
  • Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

Instagram

Follow Me!

Latest News

Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.