The above graph represents the quarterly distribution of Netflix International revenue starting from Q1 2011 to Q1 2019. Netflix international streaming revenue in fiscal Q1 2019 reached an all-time high of $ 2,366.75 million ($2.4 billion). That’s a year-over-year increase of 33% when the company generated $1,782.08 million ($1.8 billion) in revenue in Q1 2018.
Interestingly, Netflix International revenue in Q1 2019 accounted for a whopping 53% of total streaming revenue ($4,440.30 million), as compared to 49% of total streaming revenue ($3,602.11 million) for Q1 2018.
Netflix International Streaming Revenue: Additional Information
Netflix’s International streaming segment derives the revenues from monthly membership fees for services related to streaming content to members outside of the United States.
The fiscal Q1 2017 was the first time when Netflix international streaming revenue crossed $1 billion. The quarterly revenue increased a whopping 60.5% YoY to $1,046.20 million ($1 billion).
In Q4 2018, Netflix’s international region generated a splendid $2,105.59 million ($2 billion) streaming revenue, thus commanding a dominant 50.29% of the company’s total revenue for the quarter. It is important to note that Q4 2018 was also the first time when Netflix’s International revenue surpassed its domestic revenue.
About Netflix Inc.
Netflix Inc. (NASDAQ: NFLX) was founded on August 29, 1997, by Reed Hastings and Marc Randolph as a DVD-rental-by-mail firm. However, the company began its operations on April 14, 1998, by opening the world’s first online DVD rental store. For $19.95 a month, subscribers can rent as many DVDs as they want. The company slowly expanded its business by offering the streaming service in the US while retaining the DVD and Blu-ray rental service. In September 2010, the company began offering its streaming service to Canada, which later expanded to other international markets such as Latin America, the United Kingdom, Ireland, Australia, etc. Netflix is now available almost every corner of the world, except in mainland China (due to local restrictions), Syria, North Korea, and Crimea (due to US sanctions).
Netflix’s IPO (initial public offering) completed on May 29, 2002, selling 5.5 million shares of common stock at the price of $15.00 per share.
In Q2 2017, it was the first time when the total Netflix streaming subscribers, globally, crossed 100 million mark.
On January 22, 2018, Netflix’s market capitalization ballooned to $100 billion, becoming the largest digital media and entertainment company in the world.
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