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Revenue by Segment
Analyzes income from different business areas, such as streaming and DVD rentals, revealing which segments drive growth and profitability for Netflix.
Netflix’s revenue mix has clearly moved from a legacy DVD tail to region-driven streaming: the U.S. remains the largest engine but EMEA, Latin America and Asia Pacific are accelerating and meaningfully expanding share, implying growth is geographic and monetization‑led rather than from big increases in viewing hours. Management’s guidance, ad‑tier progress, live events and gaming point to ARPU expansion driving revenue despite only modest view‑hour gains and rising content spend—supporting near‑term top‑line but leaving content ROI and season‑2 retention as key risks.
NFLX Revenue by Segment
| Date | Europe, Middle East, and Africa | Asia Pacific | Latin America | DVD | US and Canada | US Streaming | International Streaming |
|---|---|---|---|---|---|---|---|
| Sep 30, 2026 | $4.11B | $1.54B | $1.60B | $0.00 | $5.63B | $0.00 | $0.00 |
| Jun 30, 2026 | $4.03B | $1.51B | $1.58B | $0.00 | $5.43B | $0.00 | $0.00 |
| Mar 31, 2026 | $4.00B | $1.51B | $1.50B | $0.00 | $5.25B | $0.00 | $0.00 |
| Dec 31, 2025 | $3.87B | $1.42B | $1.42B | $0.00 | $5.34B | $0.00 | $0.00 |
| Sep 30, 2025 | $3.70B | $1.37B | $1.37B | $0.00 | $5.07B | $0.00 | $0.00 |
| Jun 30, 2025 | $3.54B | $1.30B | $1.31B | $0.00 | $4.93B | $0.00 | $0.00 |
| Mar 31, 2025 | $3.40B | $1.26B | $1.26B | $0.00 | $4.62B | $0.00 | $0.00 |
| Dec 31, 2024 | $3.29B | $1.21B | $1.23B | $0.00 | $4.52B | $0.00 | $0.00 |
| Sep 30, 2024 | $3.13B | $1.13B | $1.24B | $0.00 | $4.32B | $0.00 | $0.00 |
| Jun 30, 2024 | $3.01B | $1.05B | $1.20B | $0.00 | $4.30B | $0.00 | $0.00 |
| Mar 31, 2024 | $2.96B | $1.02B | $1.17B | $0.00 | $4.22B | $0.00 | $0.00 |
| Dec 31, 2023 | $2.78B | $963.00M | $1.16B | $0.00 | $3.93B | $0.00 | $0.00 |
| Sep 30, 2023 | $2.69B | $948.00M | $1.14B | $0.00 | $3.73B | $0.00 | $0.00 |
| Jun 30, 2023 | $2.56B | $919.00M | $1.08B | $29.00M | $3.60B | $0.00 | $0.00 |
| Mar 31, 2023 | $2.52B | $933.52M | $1.07B | $32.00M | $3.61B | $0.00 | $0.00 |
| Dec 31, 2022 | $2.35B | $857.00M | $1.02B | $70.45M | $3.60B | $0.00 | $0.00 |
| Sep 30, 2022 | $2.38B | $889.00M | $1.02B | $35.00M | $3.60B | $0.00 | $0.00 |
| Jun 30, 2022 | $2.46B | $907.72M | $1.03B | $37.09M | $3.54B | $0.00 | $0.00 |
| Mar 31, 2022 | $2.56B | $916.75M | $998.95M | $39.81M | $3.35B | $0.00 | $0.00 |
| Dec 31, 2021 | $2.52B | $870.71M | $964.15M | $42.25M | $3.31B | $0.00 | $0.00 |
| Sep 30, 2021 | $2.43B | $834.00M | $915.30M | $44.23M | $3.26B | $0.00 | $0.00 |
| Jun 30, 2021 | $2.40B | $799.48M | $860.88M | $46.29M | $3.23B | $0.00 | $0.00 |
| Mar 31, 2021 | $2.34B | $762.41M | $836.65M | $49.58M | $3.17B | $0.00 | $0.00 |
| Dec 31, 2020 | $2.14B | $684.61M | $788.52M | $54.65M | $2.98B | $0.00 | $0.00 |
| Sep 30, 2020 | $2.02B | $634.89M | $789.38M | $58.83M | $2.93B | $0.00 | $0.00 |
| Jun 30, 2020 | $1.89B | $569.14M | $785.37M | $61.57M | $2.84B | $0.00 | $0.00 |
| Mar 31, 2020 | $1.72B | $483.66M | $793.45M | $64.33M | $2.70B | $0.00 | $0.00 |
| Dec 31, 2019 | $1.56B | $418.12M | $746.39M | $68.45M | $2.67B | $0.00 | $0.00 |
| Sep 30, 2019 | $1.43B | $382.30M | $741.43M | $71.88M | $2.62B | $0.00 | $0.00 |
| Jun 30, 2019 | $1.32B | $349.49M | $677.14M | $76.20M | $2.50B | $0.00 | $0.00 |
| Mar 31, 2019 | $1.23B | $319.60M | $630.47M | $80.69M | $2.26B | $0.00 | $0.00 |
| Dec 31, 2018 | $1.10B | $276.76M | $567.14M | $85.16M | $2.16B | $0.00 | $0.00 |
| Sep 30, 2018 | $1.00B | $248.69M | $562.31M | $88.78M | $2.09B | $0.00 | $0.00 |
| Jun 30, 2018 | $0.00 | $0.00 | $0.00 | $92.90M | $0.00 | $1.82B | $1.92B |
| Mar 31, 2018 | $0.00 | $0.00 | $0.00 | $98.75M | $0.00 | $1.82B | $1.78B |
| Dec 31, 2017 | $0.00 | $0.00 | $0.00 | $105.15M | $0.00 | $1.63B | $1.55B |
| Sep 30, 2017 | $0.00 | $0.00 | $0.00 | $110.21M | $0.00 | $1.55B | $1.33B |
| Jun 30, 2017 | $0.00 | $0.00 | $0.00 | $114.74M | $0.00 | $1.51B | $1.17B |
| Mar 31, 2017 | $0.00 | $0.00 | $0.00 | $120.39M | $0.00 | $1.47B | $1.05B |
| Dec 31, 2016 | $0.00 | $0.00 | $0.00 | $126.41M | $0.00 | $1.40B | $947.67M |
| Sep 30, 2016 | $0.00 | $0.00 | $0.00 | $132.38M | $0.00 | $1.30B | $853.48M |
| Jun 30, 2016 | $0.00 | $0.00 | $0.00 | $138.73M | $0.00 | $1.21B | $758.20M |
| Mar 31, 2016 | $0.00 | $0.00 | $0.00 | $144.75M | $0.00 | $1.16B | $651.75M |
| Dec 31, 2015 | $0.00 | $0.00 | $0.00 | $151.00M | $0.00 | $1.11B | $566.40M |
| Sep 30, 2015 | $0.00 | $0.00 | $0.00 | $157.52M | $0.00 | $1.06B | $516.87M |
| Jun 30, 2015 | $0.00 | $0.00 | $0.00 | $164.02M | $0.00 | $1.03B | $454.76M |
| Mar 31, 2015 | $0.00 | $0.00 | $0.00 | $173.20M | $0.00 | $984.53M | $415.40M |
| Dec 31, 2014 | $0.00 | $0.00 | $0.00 | $179.49M | $0.00 | $917.44M | $387.80M |
| Sep 30, 2014 | $0.00 | $0.00 | $0.00 | $186.60M | $0.00 | $877.15M | $345.69M |
| Jun 30, 2014 | $0.00 | $0.00 | $0.00 | $194.72M | $0.00 | $838.23M | $307.46M |
| Mar 31, 2014 | $0.00 | $0.00 | $0.00 | $204.35M | $0.00 | $798.62M | $267.12M |
| Dec 31, 2013 | $0.00 | $0.00 | $0.00 | $213.26M | $0.00 | $740.55M | $221.42M |
| Sep 30, 2013 | $0.00 | $0.00 | $0.00 | $221.87M | $0.00 | $701.08M | $183.05M |
