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NEWS
Netflix adds 2.16 million APAC subs; Q1 subs, revenue up, average revenue per member down
22 April 2024

Netflix added 2.16 million subscribers in Asia Pacific during the first quarter of this year, ending March at 47.5 million paying subscribers in the region.
The streamer said in its earning call in the early hours of Friday morning Asia time that APAC revenue for the quarter was US$1,023 million, up from US934 million in the first quarter last year.

Average revenue per APAC user was US$7.35, down for the fifth consecutive quarter.

APAC remains Netflix’s smallest region by total revenue, paid members and average revenue per user.

Globally, Q1 revenue was up 15% year over year. Global operating income was up 54% year on year to , US$2.6 billion (vs. US$1.7 billion in Q1 2023).

The platform name-checked Korean dramas A Killer Paradox season one (13.6 million views), Queen of Tears (14.2 million views), and Physical 100 season two  (9.2 million views) as breakout shows from APAC during the quarter, along with the U.S. remake of China’s 3 Body Problem (39.7 million views).

Views are calculated in the shows first 91 days on the platform or, in cases where the programme launched less than 91 days, from the premiere to 14 April 2024.

From next year, Netflix will not be reporting quarterly membership numbers or average revenue per member.

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