This likely has more to do with contracts with the content owners rather than Netflix directly. Distribution deals as they are effectively resell the same product by carving up the world into markets.
As for Netflix own productions, many I imagine are created in partnership with other production studios who don't generate subscriber revenue from a streaming service but from those same multi-country distribution deals.
As for Netflix own productions, many I imagine are created in partnership with other production studios who don't generate subscriber revenue from a streaming service but from those same multi-country distribution deals.