Saturday, 22 February, 2020

Netflix Posts Strong Gains In Asia-Pacific And Europe 12/17/2019

Netflix Breaks Down Results by Region, Showing Strong Asia-Pacific, Europe Growth Netflix Posts Strong Gains In Asia-Pacific And Europe 12/17/2019
Ismael Spencer | 19 December, 2019, 00:24

The fresh data comes as Netflix faces new competitors like Disney+, as well as a number of other streaming services ready to hit the market in 2020.

According to the statistics shared by the platform, it has 67.1 million pay subscribers in the United States and Canada. This shouldn't be that bad as Netflix already has over 60 million domestic customers. The breakdown shows that Europe, the Middle East and Africa is Netflix's second-largest market, and has grown to 47.36 million paid subscribers as of September 30, 2019, from 19.7 million as of March 31, 2017. The report also pointed out Netflix's $12 billion debt load. Asia-Pacific has seen its subscriber rely practically triple since early 2017, whereas Latin America has doubled, and EMEA has elevated 140%, throughout that very same time.

All that said, it's no secret that Netflix, going forward, is laser-focused on boosting its subscriber base overseas as that represents its best opportunity for revenue growth.

"Given the growing number of (Netflix) memberships and earnings outside of the United States, this regional reporting aligns with the way (it) reviews and manages its membership and revenue trends", said Netflix in its SEC filing.

House Democrats Support Updated Trade Deal With Mexico And Canada
The trade agreement, known as the USMCA , was negotiated to replace the old North America Free Trade Agreement. Pelosi did say Democrats are hoping to get moving before the end of the congressional session on December 20.

In the Asia-Pacific region, revenue over the past two years grew 153%, to $382 million at the end of the third quarter of 2019.

With the streaming landscape more crowded and competitive than ever, Netflix has become a bit more willing to reveal information it previously made a point of keeping secret. WarnerMedia and NBCUniversal are poised to enter the streaming battle subsequent spring, in addition to Quibi, a mobile-only streaming service from Jeffrey Katzenberg.

As Netflix matures as one of the dominant streaming services in the world, the company is also observing that one of its biggest markets - the USA - is saturating and the company is seeing slowing growth in the country.

The company's stock, which closed Monday at $304.21 per share, is up about 14% on the year.

Recommended

USA envoy Stephen Biegun tells North Korea: 'Let's get this done' USA  envoy Stephen Biegun tells North Korea: 'Let's get this done' The text seen by the news agency also seeks to lift sanctions affecting North Korean exports of statues, seafood and textiles. U.S. site Military.com reports that Mr Brown did not rule out the use of strategic bombers in response to North Korea.

Lebanese army clashes with supporters of Hezbollah, Amal in Beirut Lebanese army clashes with supporters of Hezbollah, Amal in Beirut Protesters had returned despite a fierce crackdown by security forces the night before when clashes also injured dozens. They demand a new government of independent experts that will swiftly implement key economic reforms.

Asian markets quiet as investors shrug off the US-China trade deal Asian markets quiet as investors shrug off the US-China trade deal Above all, Lighthizer said: "It's enforceable". "If the hardliners make decisions, we will get a result". The United States, Mexico, Canada agreement is an update of the 25-year-old NAFTA treaty.

Robin van Persie accuses Mason Greenwood of 'copying' his playing style Robin van Persie accuses Mason Greenwood of 'copying' his playing style Solskjaer plans to make changes and rotate against Colchester, but pledged the side will be strong enough to win the game, "create chances and hopefully score goals".

Trump plans announcement of Afghan troop drawdown Trump plans announcement of Afghan troop drawdown Afghan militias are under the command of the country's National Security Forces, which suffer near daily Taliban attacks. He also added "We're taking a brief pause for them to consult their leadership on this essential topic".

Indians trade Corey Kluber to Rangers Indians trade Corey Kluber to Rangers He did manage to strike out more than a batter per inning, but his 3.8 BB/9 rate was his highest since 4.1 inning sting in 2011. Despite the injuries this past season, there is no questioning Kluber's status as one of the elite pitchers of this generation.

Boris Johnson declares win, vows Brexit on Jan 31 Boris Johnson declares win, vows Brexit on Jan 31 Many voters regard him as a populist charlatan who played fast and loose with the facts and made unrealistic promises. After Jan. 31 Britain will enter a transition period during which it will negotiate a new relationship with the EU27.

Turkey: US Senate vote on 'Armenia genocide' a 'political show' Turkey: US Senate vote on 'Armenia genocide' a 'political show' His remarks came after the US Senate unanimously passed Thursday a resolution that recognises the so-called Armenian "genocide" . Graham had said his objection to the measure was not "to sugarcoat history or try to rewrite it, but to deal with the present".

Harvey Weinstein Reportedly Reaches Tentative $25 Million Deal With Accusers Harvey Weinstein Reportedly Reaches Tentative $25 Million Deal With Accusers Weinstein has pleaded not guilty to criminal charges that he sexually assaulted two women, one in 2006 and another in 2013. While the monitoring now appears to be working, Illuzzi said she thought that was because of the threat of new bail.

Company Gifts Nearly 200 Employees With $10 Million Worth Of Christmas Bonuses Company Gifts Nearly 200 Employees With $10 Million Worth Of Christmas Bonuses They are the foundation and the reason behind the success of our company and we wanted a big way to thank them", Maykrantz said. John Properties react to the news they will receive a shared $10 million bonus. "I couldn't think of a better way to show it".

Champions League: What Liverpool and Chelsea need to do to make knockouts Champions League: What Liverpool and Chelsea need to do to make knockouts For Atletico, it will be a case of finding their goalscoring touch after bagging just 16 in 16 La Liga games this season. Dortmund forced its way through from Group F as runners-up after beating Slavia Prague 2-1.

UK economy flatlines, hit by Brexit and global slowdown UK economy flatlines, hit by Brexit and global slowdown The economy also showed no change in monthly terms, the ONS said, weaker than a median forecast of 0.1% growth in the poll. Output in both the production and construction sectors contracted, by 0.7% and 0.3%, respectively.

Police officer shot during New Jersey hold up Police officer shot during New Jersey hold up The New Jersey State Policemen's Benevolent Association is asking for "lots of prayers" for Jersey City officers. The other officers retreated, and at least one suspect remains barricaded inside the store, police said.

European Union citizens criticise Boris Johnson's 'xenophobic' migration comment European Union  citizens criticise Boris Johnson's 'xenophobic' migration comment Mrs Foster reiterated her party's concerns over the deal, which cost Mr Johnson the support of her party's MPs at Westminster. Its head of politics, Chris Hopkins, said the final few days of the campaign could be crucial.

Nationals re-sign Stephen Strasburg to 7-year, $245 million deal Nationals re-sign Stephen Strasburg to 7-year, $245 million deal He was 18-6 with a 3.32 ERA this season, topping 30 starts for the second time in his career and leading the NL with 209 innings. Zack Wheeler already went for $118 million and Madison Bumgarner is set to get more than $100 million.