Netflix just broke new consumer spending records in their mobile apps, according to the new Intelligence Firm Sensor Tower computer…
Netflix just broke new consumer spending records in their mobile apps, according to the new Intelligence Firm Sensor Tower computer program, shared with TechCrunch. In November, Netflix estimated an estimated $ 86.6 million worldwide consumption spending in combination with iOS and Android apps – a figure that is 77 percent higher than the $ 49 million generated in November in November. It’s a new record.
Before the biggest month Netflix had until July 2018, it estimated about $ 84.7 million. At that time, it was what it had done on mobile because it started earning money on mobile in September 201
So far Netflix has estimated more than $ 1.58 million on mobile.
The company did not speculate that What specifically drove Netflix to break record again in November, but there are probably some factors that capture, including the trend toward cutting and transition to streaming services for traditional “TV viewing.”
But, above all, the increasing revenue is coming to Netflix from its international markets.
The sensor tower pointed out that Netflix’s US app revenues increased 43 percent compared with the same quarter in November, but other countries contributing more than $ 1 million in gross revenues were higher. For example, Germany grew by 48 percent, Brazil was 49 percent, South Korea was 52 percent, and Japan was 64 percent.
However, the United States accounts for the majority of Netflix subscriptions for the in-app of 57 percent in November. But with Netflix’s international expansion, its share is decreasing. When Netflix began offering subscriptions in the fall of 2015, the United States accounted for 71 percent of its revenues.
Netflix in recent weeks has doubled down on the phone. The company is now testing a mobile subscription that aims to make its service cheaper in Asia and other emerging markets.
During the quarter, the company acquired nearly 7 million new subscribers, with 5.87 million of those coming from international markets.  Image Credit: Sensor Tower