| Schedule of Streaming Revenue, Paid Net Membership Additions, and Ending Paid Memberships by Region |
The following tables summarize streaming revenues, paid net membership additions, and ending paid memberships by region for the three and six months ended June 30, 2024 and June 30, 2023, respectively. Hedging gains and losses are included in “Streaming revenues” for the three and six months ended June 30, 2024. No hedge gains and losses were recognized as “Streaming revenues” in the comparative prior year periods. See Note 7 Derivative Financial Instruments and Hedging Activities for further information.
United States and Canada (UCAN) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of/Three Months Ended | | As of/Six Months Ended | | | | June 30, 2024 | | June 30, 2023 | | June 30, 2024 | | June 30, 2023 | | | | (in thousands) | | Streaming revenues | | $ | 4,295,560 | | | $ | 3,599,448 | | | $ | 8,519,875 | | | $ | 7,208,093 | | | Paid net membership additions | | 1,451 | | | 1,173 | | | 3,981 | | | 1,275 | | | Paid memberships at end of period (1) | | 84,109 | | | 75,571 | | | 84,109 | | | 75,571 | | | | | | | | | | | | | | | | | | | |
Europe, Middle East, and Africa (EMEA) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of/Three Months Ended | | As of/Six Months Ended | | | | June 30, 2024 | | June 30, 2023 | | June 30, 2024 | | June 30, 2023 | | | | (in thousands) | | Streaming revenues | | $ | 3,007,772 | | | $ | 2,562,170 | | | $ | 5,965,965 | | | $ | 5,079,811 | | | Paid net membership additions | | 2,235 | | | 2,434 | | | 5,151 | | | 3,078 | | | Paid memberships at end of period (1) | | 93,964 | | | 79,807 | | | 93,964 | | | 79,807 | | | | | | | | | | | | | | | | | | | |
Latin America (LATAM) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of/Three Months Ended | | As of/Six Months Ended | | | | June 30, 2024 | | June 30, 2023 | | June 30, 2024 | | June 30, 2023 | | | | (in thousands) | | Streaming revenues | | $ | 1,204,145 | | | $ | 1,077,435 | | | $ | 2,369,153 | | | $ | 2,147,627 | | | Paid net membership additions | | 1,530 | | | 1,217 | | | 3,253 | | | 767 | | | Paid memberships at end of period (1) | | 49,250 | | | 42,466 | | | 49,250 | | | 42,466 | | | | | | | | | | | | | | | | | | | |
Asia-Pacific (APAC) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of/Three Months Ended | | As of/Six Months Ended | | | | June 30, 2024 | | June 30, 2023 | | June 30, 2024 | | June 30, 2023 | | | | (in thousands) | | Streaming revenues | | $ | 1,051,833 | | | $ | 919,273 | | | $ | 2,074,757 | | | $ | 1,852,796 | | | Paid net membership additions | | 2,829 | | | 1,068 | | | 4,986 | | | 2,523 | | | Paid memberships at end of period (1) | | 50,324 | | | 40,546 | | | 50,324 | | | 40,546 | | | | | | | | | | | | | | | | | | | |
| | | | (1) A paid membership (also referred to as a paid subscription) is defined as a membership that has the right to receive Netflix service following sign-up and a method of payment being provided, and that is not part of a free trial or certain other promotions that may be offered by the Company to new or rejoining members. Certain members have the option to add extra member sub accounts. These extra member sub accounts are not included in paid memberships. A membership is canceled and ceases to be reflected in the above metrics as of the effective cancellation date. Voluntary cancellations generally become effective at the end of the prepaid membership period. Involuntary cancellations, as a result of a failed method of payment, become effective immediately. Memberships are assigned to territories based on the geographic location used at time of sign-up as determined by the Company’s internal systems, which utilize industry standard geo-location technology. |
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