Netflix details Canadian revenue and subscriber numbers in regulatory filing

TORONTO — Netflix pulled back the curtain on new financial details Monday that reveal how many Canadians subscribe to the service and how much they pay the streaming giant.

The Los Gatos, Calif.-based company raked in US$593 million (C$780 million) of revenue from Canada during the first nine months of the 2019 financial year, according documents filed with the U.S. Securities and Exchange Commission.

That compares to Canadian revenues of US$635 million in the full 12-month period of 2018, and US$508 million during 2017.

Those figures could add heat to the debate over Netflix’s decision not to pay domestic revenue taxes. Some critics have argued Netflix is drawing viewers away from homegrown TV programming while injecting very little Canadian content into the media landscape.

Under the current laws, foreign digital services, which include the streaming platform, do not collect federal goods and service tax (GST) or a combined federal-provincial sales tax known as HST.

The documents filed by the streaming platform also show 6.5 million paid subscribers were using its services in Canada as of Sept. 30 — an increase of 200,000 paid accounts from the end of 2018.

In 2017, Netflix committed to spending $500 million over five years on TV and film productions in Canada, a pledge the company said earlier this year it has already surpassed.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

First-time impaired drivers a focus in Alberta

Province introduces the Provincial Administrative Penalties Act

Red Deer RCMP chase dangerous driving suspect into river

Vehicle chase on Thursday ended at McKenzie Trails, where man tried to escape by running into river

Alberta’s 15.5 % unemployment second worst in country

Only Newfoundland’s 16.3 % unemployment is higher among provinces

National unemployment rate hits new record even as economy adds jobs

OTTAWA — Statistics Canada reports a record high unemployment rate as the… Continue reading

PODCAST: Black Lives Matter in central Alberta

Community organizers come on the show to discuss central Albertan anti-racist movement

If you’re going shopping, please be sure to wear a mask

If you want my opinion, everyone should be wearing a mask while… Continue reading

PODCAST: Black Lives Matter in central Alberta

Community organizers come on the show to discuss central Albertan anti-racist movement

MLB players reaffirm pay stance, no deal with teams in sight

NEW YORK — Baseball players reaffirmed their stance for full prorated pay,… Continue reading

B.C. Lions players Burnham, Johnson admit they feel safer in Canada than in U.S.

B.C. Lions players Bryan Burnham and Micah Johnson say they feel safer… Continue reading

Universal takes first steps reviving Orlando theme park biz

ORLANDO, Fla. — With masks on their faces and temperature checks at… Continue reading

US commercial casinos won $43.6 billion in 2019, up 3.7%

ATLANTIC CITY, N.J. — Helped by the continuing spread of legal sports… Continue reading

Alberta Opposition calls on government to consult on provincial parks

Alberta Opposition calls on government to consult on provincial parks

Alberta overhauls real estate regulator in wake of prior dysfunctional board

Alberta overhauls real estate regulator in wake of prior dysfunctional board

Most Read