Netflix is raising prices in the US to $17.99 for its standard plan. The hike comes as the streamer crushed expectations for subscriber growth.
Netflix, the world’s largest streamer, needs money. Lots of money. Currently suffering under its biggest-ever quarterly increase in subscribers, the streamer requires an extra couple of bucks a month so you can watch five minutes of Back In Action before checking out what else is on.
Everything coming to Netflix streaming service in February 2025. 'Apple Cider Vinegar' 'Running Point,' and more.
Netflix is raising prices yet again. In its latest earnings report released Tuesday, the streaming service announced that “we are adjusting prices today across most plans” in the US, Canada, Portugal,
Netflix has raised its prices on nearly all of its major streaming plans, despite a record number of new subscribers.
The company is also raising prices for the ad-supported Netflix, the premium tier, and the cost for adding an extra member to an existing plan.
In the United States, the streaming giant’s ad-supported option will now cost $7.99 a month, a monthly increase of a dollar. As for its Premium tier, which is ad-free and supports four simultaneous streams, that will now cost $24.99 a month, an increase of $2.
As Netflix plans to stop reporting subscriber metrics, investors will have to focus more on numbers like operating margin.
Netflix announced both record growth in the last quarter of 2024 and a price hike for 2025. The streaming giant signed up 19 million new subscribers in the last part of 2024, bring its total to 302 million worldwide. The company brought in $10.2 billion in revenue with operating income at $2.3 billion.
Netflix (NFLX) reported fourth-quarter results that surpassed analysts’ expectations and raised its 2025 revenue forecast, sending shares soaring after the bell Tuesday. The streaming giant saw revenue grow 16% to $10.
Vice President, Finance, Investor Relations, and Corporate Development Good afternoon, and welcome to the Netflix Q4 2024 earnings interview. I'm Spencer Wang, vice president of finance, IR, and corporate development.