How Much Can Netflix's Australian Operations Contribute Towards Company's International Revenues

According to our current projections, Netflix will have more than 7 million paying Australian subscribers by the end of 2022. Additionally, we estimate that total revenues from Netflix's Australian operations will amount to around $800 million by that time, forming 10% of Netflix's total international revenues. If Netflix manages to achieve a contribution margin of 25% in the country within the next six to seven years, the gross profit derived from Australian operations would amount to a little ...