Netflix forecast year-on-year revenue growth of almost 27% for the first quarter of 2020, after raising revenues by almost 31% in the final quarter of 2019 to 5.47 billion US dollars. It added 8.8 million paying subscribers in the quarter, approximately the same figure as a year earlier.
Netflix said: "We generated Q4-record paid net adds in each of the EMEA, LATAM and APAC regions, while UCAN (United States and Canada) paid net adds totalled 550,000 (with 420,000 in the U.S.) versus 1.75 million in the year ago quarter. Our low membership growth in UCAN is probably due to our recent price changes and to U.S. competitive launches. We have seen more muted impact from competitive launches outside the U.S.." source: Netflix statement