Netflix's recent price hikes come as subscriber growth slows down, indicating their challenge in sustaining momentum despite the crackdown on password sharing and a new ad-supported plan.
Having added 5.1 million subscribers recently, Netflix's overall growth is still the smallest gain in over a year, emphasizing the difficulty of finding new users.
The shift to an ad-supported streaming option has gained traction, with it accounting for 50% of new sign-ups in locations where it's offered, but Netflix cautions that it's too early for it to drive significant growth.
Despite challenges, Netflix's revenue for the July-September period was up 15% year-on-year, reaching over $9.8 billion, with profit also rising, indicating financial health.
Collection
[
|
...
]