Netflix Inc. (NFLX) is sharpening its focus on Taiwan, and for good reason. The streaming giant sees the island as a critical launchpad for Chinese-language content that can travel globally—the kind of shows that transcend borders and become watercooler conversation from Taipei to Toronto.
This year, Netflix deepened its partnership with the Golden Horse Film Festival, Taiwan's most prestigious cinema event. The move signals more than symbolic support—it's about mining talent and stories that resonate beyond regional audiences. Netflix wants to unlock the next "Squid Game" phenomenon, but this time in Mandarin.
The company rolled out several initiatives to cultivate local creators. It hosted an exclusive masterclass with award-winning K-drama director Kim Won-suk, who knows a thing or two about making hits that cross cultural lines. Netflix also established a 500,000 New Taiwanese dollars inclusive storytelling award through the Golden Horse Film Project Promotion, designed to surface fresh voices and diverse narratives.
Netflix used the festival platform strategically, premiering its upcoming Taiwanese series "Had I Not Seen The Sun: Part 1" alongside high-profile titles like Noah Baumbach's "Jay Kelly." The company is also backing rising talent—actress Ma Shih-Yuan won the Golden Horse Award for Best New Performer for "Left-Handed Girl," which Netflix will distribute internationally starting November 28.
Maya Huang, Netflix's Director of Chinese-Language Content, framed the company's approach bluntly: global audiences are responding to Chinese-language entertainment, and Netflix plans to invest long-term in Taiwan's creative ecosystem to capture that momentum.
The Netflix Diverse & Inclusive Storytelling Award at the Film Project Promotion marks another bet on originality. The inaugural winner, Unseen Film Studio's "Human Era Animal Affairs Bureau," received development funding and international exposure for a culturally-rooted concept that stands out in an increasingly crowded content landscape.
Recent Financial Performance
The $442 billion streaming company has gained over 17% in stock value year-to-date, though recent quarters show the market scrutinizing every move.
Netflix reported third-quarter revenue of $11.51 billion, climbing 17.2% year-over-year on the strength of subscriber additions, price increases, and surging ad sales. Revenue came in slightly below Wall Street's expectations, and earnings of $5.87 per share missed the $6.97 consensus.
Still, the company posted its largest advertising revenue quarter ever and achieved record viewing share in the U.S. and U.K. since late 2022. Breakout content included "Happy Gilmore 2," "KPOP Demon Hunters," and the Canelo vs. Crawford live boxing match.
Looking forward, Netflix expects fourth-quarter revenue of $11.96 billion, up 16.7% year-over-year, with earnings per share guidance of $5.45—slightly above consensus. Full-year revenue is projected to rise 16% to $45.1 billion.
The company plans to scale its advertising business, experiment with AI-driven ad formats, and continue expanding franchises like "KPOP Demon Hunters." The fourth-quarter slate features heavy hitters including "Stranger Things" and two NFL Christmas games, which should help drive subscriber engagement through the holidays.
NFLX Price Action: Netflix shares were up 0.57% at $105.00 in premarket trading Wednesday.