Netflix's Asia-Pacific revenue spikes up by 153 percent in Q3 2019, biggest gain in past three years

Streaming giant Netflix is accelerating its growth overseas, with its Asia-Pacific business recording the biggest membership and revenue gains among all regions over the past three years. In an 8-K filed on Monday, the company provided details on its international business ahead of its January fourth-quarter earnings report, which will disclose revenue and membership by region for the first time. Netflix provided a benchmark for investors, releasing historical streaming revenue, membership and average revenue per paying streaming membership by region for each quarter of 2017 and 2018; for the first three quarters of 2019; and for the twelve-month periods ended 31 December 2017 and 2018 and the nine-month period ended 30 September 2019. (Also read:  Netflix testing long-term subscription plans with up to 50 percent discounts in India: Report ) [caption id=“attachment_7516721” align=“alignnone” width=“1024”] Netflix provided details on its international business ahead of its January fourth-quarter earnings report. Image: Reuters[/caption] In the Asia-Pacific region — the company’s smallest — revenue was up 153 percent from the end of the third quarter of 2017 to the end of the third quarter of 2019. Membership grew 148 percent in the period. Growth in Europe, the Middle East and Africa also accelerated. Membership in the region increased 132  percent from the end of the third quarter of 2017 to the end of the third quarter of 2019, and membership revenue increased 105 percent in the period. In Latin America, where the company says it is in 33 percent of broadband homes, streaming revenue increased 71  percent from the end of the third quarter of 2017 to the end of the third quarter of 2019. Membership in the period grew 61 percent. Netflix is focusing on its international business as the streaming landscape becomes more crowded, **with Walt Disney Co’s _Disney+_** and **Apple’s _Apple TV+_** entering the market and two other services — **_HBO Max_, from AT&T-owned WarnerMedia** , and Comcast-owned NBCUniversal’s Peacock — set to launch next year.