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1Netflix, Inc.
2Streaming Revenue and Membership Information by Region
3(unaudited)
4(in thousands, except for average revenue per membership and percentages)
5As of / Three Months EndedAs of / Year EndedAs of / Three Months EndedAs of / Year EndedAs of / Three Months Ended
6March 31,June 30,September 30,December 31,December 31,March 31,June 30,September 30,December 31,December 31,March 31,
720202020202020202020202120212021202120212022
8
9United States and Canada (UCAN)
10Revenues (1)2702776283967029334452979505114553963170972323464332576973308788129721003350424
11Paid net membership additions (losses)230729351778556274448-4337311911279-636
12Paid memberships at end of period6996972904730817393673936743847395174024752157521574579
13Average paying memberships6881671437729937350971689741607416873988746207423474897
14Average revenue per membership (2)13.0913.2513.413.5113.3214.2514.5414.6814.7814.5614.91
15% change as compared to prior-year period0.140.060.020.020.060.090.10.10.090.090.046
16Constant currency % change as compared to prior-year period*0.140.060.030.020.060.090.090.090.090.090.046
17
18Europe, Middle East and Africa (EMEA)
19Revenues17234741892537201908321371587772252234367424004802432239252342696998192561831
20Paid net membership additions (losses)695627497594456149201810188180435367338-303
21Paid memberships at end of period5873461483622426669866698685086869670500740367403673733
22Average paying memberships5525660109618636447060425676036860269598722686951873885
23Average revenue per membership (2)10.410.510.8811.0510.7211.5611.6611.6511.6411.6311.56
24% change as compared to prior-year period0.020.040.050.050.040.110.110.070.050.080
25Constant currency % change as compared to prior-year period*0.040.080.0300.030.040.020.030.060.040.062
26
27Latin America (LATAM)
28Revenues79345378536878938478852231567278366478608829152979641503576976998948
29Paid net membership additions (losses)29011750256121361203577643309732424-351
30Paid memberships at end of period3431836068363243753737537378943865838988399613996139610
31Average paying memberships3286835193361963693135297377163827638823394753857339786
32Average revenue per membership (2)8.057.447.277.127.457.397.57.868.147.738.37
33% change as compared to prior-year period0.03-0.09-0.16-0.13-0.09-0.080.010.080.140.040.133
34Constant currency % change as compared to prior-year period*0.120.130.050.040.080.050.020.080.170.080.2
35
36Asia-Pacific (APAC)
37Revenues48366056914063489168460923723007624147994808340028707053266601916754
38Paid net membership additions36022657101219889259136110222176258171401087
39Paid memberships at end of period1983522492235042549225492268532787530051326323263233719
40Average paying memberships1803421164229982449821674261732736428963313422846133176
41Average revenue per membership (2)8.948.969.29.329.129.719.749.69.269.569.21
42% change as compared to prior-year period-0.05-0.04-0.010.03-0.010.090.090.04-0.010.05-0.051
43Constant currency % change as compared to prior-year period*-0.030.01-0.010-0.010.030.010.020.020.020.01
44
45(1) Excludes DVD revenues of $239 million, $182 million and $40 million for the years ended December 31, 2020, 2021, and the three months ended March 31, 2022, respectively. Total US revenues for the years ended December 31, 2020, 2021, and the three months ended March 31, 2022 were $10.8 billion, $12.1 billion and $3.1 billion, respectively.
46(2) Average revenue per membership (ARM) is defined as streaming revenue divided by the average number of streaming paid memberships divided by the number of months in the period. These figures do not include sales taxes or VAT.
47* The company believes that constant currency information is useful in analyzing the underlying trends in average revenue per membership. In order to exclude the effect of foreign currency rate fluctuations on average revenue per membership, the Company estimates the current period revenue assuming foreign exchange rates had remained constant with foreign exchange rates from each of the corresponding months of the prior-year period.