Southeast Asian Streaming Subscriber Growth Stalls, But Revenues Soar to $1.4 Billion, Driven by Local and U.S. Content, Report Reveals
Naman Ramachandran Streaming subscription growth in the Southeast Asia region slowed dramatically in 2023, but revenue from those subscriptions grew at a robust rate, a new study has found. The report from data analytics company AMPD, that is part of consultancy and research firm Media Partners Asia, shows that the region – that includes Indonesia, Malaysia, Philippines, Singapore and Thailand – added only 1.3 million net new SVOD subscribers in 2023, compared with 11 million in 2022. But subscription revenues grew at 12.5% to $1.4 billion.
