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Netflix revenue in Asia-Pacific nearly triples over two years to $1.5bn

Streaming giant highlights local content investment in Japan and South Korea

PALO ALTO, U.S. -- Netflix's Asia-Pacific revenue hit $1.5 billion in 2019, the U.S. streaming giant announced on Tuesday, nearly triple what it was two years ago as the company prioritizes the region as its next growth market.

"We're getting much smarter about the Asia Pacific markets in both the content we offer, as well as the pricing and packaging and bundling and distribution and payment methods to our members, so I think we're getting better [in the region] literally every quarter and every year," said Netflix CFO Spencer Neumann in the earnings call on Tuesday.

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