Netflix earned $780M in Canada in 2019

Netflix earned CAD $780 million in Canada in 2019, according to a U.S. Securities and Exchange Commission (SEC) filing released Monday.

For the first time, Netflix has released historical streaming revenue, membership and the average revenue earned per paid membership by region, in light of a growing number of subscribers and revenue from outside the U.S.

Revenue for the U.S. and Canada, combined, for the three months ended Sept. 30, 2019 reached USD $2.62 billion – a 57% increase over the past two years. Subscriptions reached 67.1 million – up 23% over the past two years. 6.5 million of those subscribers are in Canada.

While North America remains a stronghold for the streaming giant, its growth is now being driven from outside North America amidst an increasingly crowded OTT landscape that recently expanded with the introduction of Disney+ and Apple TV+, among other new services.

Netflix says subscriptions in Europe, the Middle East and Africa are up 140% since Q1 2017, reaching 47.3 million by the end of September. Paid subscriptions in Latin America numbered 29.3 million (up 91% in the same period), while Asia-Pacific memberships are at 14.4 million, up 210%.

Average monthly revenue per paying streaming membership ranges across Netflix territories from a high of USD $12.36 in Canada and the U.S. to a low of $8.21 in Latin America.

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