Netflix Reaches 30 Million Users Worldwide, Canada Remains Strong Market
Netflix has reached 30 million users worldwide just days after a weak quarterly earnings report.
"Thirty million of you are now Netflix streaming members. I'd like to express my gratitude to each of you," chief executive Reed Hastings said on his Facebook page. "Your choice to be a Netflix member helps us get more content every year, and helps us further improve our member experience. You make it possible for us to offer the most amazing Internet television experience ever."
More than 80% of Netflix's users are in the US. It has only five million outside of America even though it is available in over 50 countries. This is because the company doesn't offer as much content in those countries—the US boasts by far the largest library of movies and television shows.
Still, Canada represents a large chunk of that five million. Netflix is now present in more than 10% of Canadian homes. And Canadians spend over three million hours per week watching movies and television on Netflix. By most measures, Canada is Netflix's second strongest country.
