Source: Netflix, CNBC
Netflix, the leading streaming entertainment service provider, has released its third-quarter 2020 financial results by posting them to its website netflixinvestor.com.
In the Q3 results, the APAC region was the largest contributor to the paid membership growth this quarter (46% of Q3 global paid net adds) and APAC revenue rose 66% year over year. The company are pleased with the progress making in this region and, in particular, that they achieved double digit penetration of broadband homes in both South Korea and Japan. The report said the company still have much work to do and already working hard to replicate this success in India and other countries.