Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

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 nine months ended September 30, 2024 and September 30, 2023, respectively. Hedging gains of $48 million and $70 million are included in “Streaming revenues” for the three and nine months ended September 30, 2024, respectively. 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/Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(in thousands)
Streaming revenues	$	4,322,476	$	3,735,133	$	12,842,351	$	10,943,226
Paid net membership additions	694		1,750		4,675		3,025
Paid memberships at end of period (1)	84,803		77,321		84,803		77,321

Europe, Middle East, and Africa (EMEA)

	As of/Three Months Ended				As of/Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(in thousands)
Streaming revenues	$	3,133,466	$	2,693,146	$	9,099,431	$	7,772,957
Paid net membership additions	2,167		3,953		7,318		7,031
Paid memberships at end of period (1)	96,131		83,760		96,131		83,760

Latin America (LATAM)

	As of/Three Months Ended				As of/Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(in thousands)
Streaming revenues	$	1,240,892	$	1,142,811	$	3,610,045	$	3,290,438
Paid net membership additions (losses)	(68)		1,179		3,185		1,946
Paid memberships at end of period (1)	49,182		43,645		49,182		43,645

Asia-Pacific (APAC)

	As of/Three Months Ended				As of/Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(in thousands)
Streaming revenues	$	1,127,869	$	948,216	$	3,202,626	$	2,801,012
Paid net membership additions	2,280		1,881		7,266		4,404
Paid memberships at end of period (1)	52,604		42,427		52,604		42,427

(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.