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Media & Entertainment

Asia sign-ups boost Netflix as COVID viewer boom fades

US streaming giant confirms expansion into gaming

Netflix faces challenges from Disney as streaming giants fight for the growing APAC market. (Photo courtesy of Netflix) 

PALO ALTO, U.S. -- Two-thirds of Netflix's subscriber growth came from the Asia-Pacific region in the last quarter, the streaming video giant reported on Tuesday, amid an overall slowdown in new paid users as pandemic-related lockdowns ease around the world.

But while the U.S. entertainment giant sees the region as a bright spot, it faces fierce competition as more content providers roll out streaming services in populous Asian countries where they see strong growth potential.

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