The publisher forecasts that Netflix will have 201 million streaming subscribers by 2023, up by 82% from 111 million at end-2017. About 28 million subscribers will be added in 2018 - making it the largest growth year ever. Lower growth is expected after 2018, according to the Netflix Forecasts report.
North America and Western Europe will together supply 62% of Netflix's total subscriber base by 2023 - still dominant, but down from 76% in 2017. Asia Pacific will boast fast growth by taking 14% of the 2023 total. This represents 28 million subs; quadruple the 2017 figure.
Streaming subscription revenues for Netflix will climb by 155% from $11.3 billion in 2017 to $28.8 billion in 2023. The top five countries will generate revenues of $16 billion in 2023 or 56% of Netflix's global subscription revenues. The US will contribute $11.2 billion, with four other countries above $1 billion.
Key Topics Covered:
- Forecasts summary
- Prospects by country
- Content strategy
- Distribution partners
- Competitive environment
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