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How many paid subscribers does Netflix have?
Netflix had around 269.6 million paid subscribers worldwide as of the first quarter of 2024. This marked an increase of over nine million subscribers compared with the previous quarter. Most Netflix subscribers are based in the EMEA region (Europe, Middle East, and Africa), accounting for more than 91 million of Netflix’s total global subscriber base.
Who is Netflix’s audience?
Subscribers are from diverse ethnic backgrounds – data on Netflix subscribers by ethnicity found that more Hispanic and African Americans watch Netflix on a daily basis than their white counterparts. Additionally, openly published data on the gender of Netflix employees in 2022 revealed that the company performs extremely well in terms of achieving an even split. Perhaps unsurprisingly, Netflix appeals to all age groups and a survey showed that the majority of adults aged 18 to 54 years old subscribed to the service.
New business model
Due to losses in its susbcriber base recorded in the first half of 2022, Netflix introduced an ad-supported tier in November 2022 to offset customer and revenue declines. Indeed, recent data showed that nearly one in three sign-ups to Netflix in September 2023 were on the ad-supported plan. Furthermore, while the subscription revenue of the streaming provider is expected to decline in the years to come, the advertising revenue is forecast to increase, showing the high value of hybrid business models to the streaming market these days.
The United States led the ranking of the countries with the highest military spending in 2023, with 916 billion U.S. dollars dedicated to the military. That constituted over 40 percent of the total military spending worldwide that year, which amounted to 2.4 trillion U.S. dollars. This amounted to 3.5 percent of the U.S. gross domestic product (GDP), placing the U.S. lower in the ranking of military expenditure as a percentage of GDP than for instance Saudi Arabia, Israel, Algeria, and Russia. China was the second largest military spender with an estimated 296 billion U.S. dollars spent, with Russia following in third.
Defense budget
According to the U.S. Congressional Budget Office, the outlays for defense will rise to 1.1 trillion U.S. dollars by 2033. The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force. The budget for the U.S. Air Force for 2024 was nearly 260 billion U.S. dollars.
Global military spending
The value of military spending globally has grown steadily in the past years and reached 2.44 trillion U.S. dollars in 2023. Reasons for this are the outbreak of the Russia-Ukraine war in 2022, the war in Gaza, as well as increasing tensions in the South China Sea. North America is by far the leading region worldwide in terms of expenditure on the military.
It is estimated that the cumulative market cap of cryptocurrencies increased in early 2023 after the downfall in November 2022 due to FTX. That value declined in the summer of 2023, however, as international uncertainty grew over a potential recession. Bitcoin's market cap made up the majority of the overall market capitalization.
What is market cap?
Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency.
Cryptocurrency as an investment
The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. However, this does little for price stability. As such, few firms accept payment in cryptocurrencies.
In the 2020 U.S. presidential race, Democratic candidates spent a total of roughly 3.16 trillion U.S. dollars, more than any other election. The total spending of presidential candidates is reflected in the number of major presidential candidates running. See here for more information on how many candidates have run in past U.S. elections.
During the 2024 season, Jackie Young of the Las Vegas Aces had the highest salary among players in the Women’s National Basketball Association (WNBA) with over 252 thousand U.S. dollars. In second place was Seattle Storm guard Jewel Loyd with 245.51 thousand U.S. dollars.
In the lead up to the 2024 WNBA season, one of the most pressing issues surrounding the league was the pay structure. The catalyst for this was the drafting of college basketball superstar Caitlin Clark as the No. 1 pick. Despite coming into the league as the all-time leading NCAA scorer, and potentially being the biggest draw to the league in the coming years, the WNBA's rookie salary scale dictates that Clark's base salary in her first year in the WNBA would only be a fraction of the top earners. Although Clark is likely to bolster her earnings through sponsorship deals, the league's salary structure is unlikely to change before the Collective Bargaining Agreement (CBA) expires in 2027.
How much are men’s National Basketball Association (NBA) players paid?Compared to the top earners in the women’s league, the picture in the men's league is a little different. Some of the highest-paid male professional basketball players take home eye-watering amounts each year. LeBron James of the Los Angeles Lakers currently sits at the top of the pile, earning 47.6 million U.S. dollars in the 2023/24 season for his appearances in the NBA, on top of a further 70 million U.S. dollars' worth of endorsements. Overall, average annual salaries in the NBA are much higher than in the WNBA. On average, NBA players took home more than 10 million U.S. dollars in 2023/24, while WNBA players earned roughly 116 thousand U.S. dollars in 2023.
In February 2024, the mobile app launched by Industrial and Commercial Bank of China was the most popular banking app in China with about 66 million monthly active users. China Construction Bank followed with around 54 million users while China Merchants Bank had around 46 million users.
The domestic cloud services market in Japan, which consists of Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), was estimated at 1.94 trillion Japanese yen in 2023. Based on the assumption that more and more companies would consider to replace legacy systems and invest in solutions which further digital transformation (DX) and data-driven management approaches, it was expected that the market would reach a size of 3.8 trillion yen by 2027.
Utilization of cloud services in Japan
A survey among Japanese companies showed that a majority of business enterprises were already using cloud computing to varying degrees. The same survey also revealed that cloud services were utilized for a variety of different purposes, with file storage and data sharing topping the ranking of the most popular types of cloud computing services. A breakdown of the utilization rate of cloud services by capital size indicated that utilization was much more common among larger companies than among smaller ones.
Japan’s digital strategy
The Japanese IT industry has come more and more into focus as digitization has increasingly impacted the economy and people’s private lives in recent years. While Japan is known for its advanced technology, it has also been said to exhibit sluggish behavior regarding digital transformation processes. In recent years, the government introduced a number of initiatives which aimed at improving Japan’s position in the digital age. In 2016, the Council for Science, Technology and Innovation (CSTI), which is part of the Cabinet Office, introduced the concept of “Society 5.0” in its Fifth Science and Technology Basic Plan, which delineated a society in which cyberspace and the physical world are increasingly connected with each other. The realization of Society 5.0 and the 2020 Tokyo Olympic Games led to increased efforts to improve Japan’s cyber security strategy and to prevent cyber crimes. For all these projects, solutions offered by the IT industry were necessary, providing ample market opportunities for companies engaged in the IT business.
Since the EU's implementation of the General Data Protection Regulation (GDPR) in May 2018, the largest fine issued in the United Kingdom (UK) was more than 22 million euros. This fine, received by British Airways in October 2020, was by far the largest in the country. Another fine received by Marriott International Inc. in the same month was the second-highest in the UK and amounted to over 20 million euros.
As of 2024, Juventus had won the most Serie A titles, with 36 in total. Meanwhile, Inter won the Scudetto for the twentieth time in April 2024, defeating city rivals AC Milan 2-1 in a game that saw three red cards.
The gross domestic product (GDP) in current prices in Egypt was forecast to continuously increase between 2024 and 2029 by in total 192 billion U.S. dollars (+55.24 percent). After the fourth consecutive increasing year, the GDP is estimated to reach 539.61 billion U.S. dollars and therefore a new peak in 2029.
The gross domestic product at current prices is defined based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.
Find more key insights for the gross domestic product (GDP) in current prices in countries like Morocco, Tunisia and Libya.
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