"Netflix's price increases are designed to support its continued investment in content. The company stated, 'Our approach remains the same: We continue offering a range of prices and plans to meet a variety of needs.'"
"The recent price hikes come from a position of strength, with Netflix ending Q4 with 325 million paid subscribers globally and a revenue of $12.05 billion, up 18% year over year."
On March 26, Netflix increased prices for all subscription tiers, effective immediately for new subscribers. This marks the second price hike in less than two years. The Standard with Ads plan now costs $8.99, while the Standard (no ads) and Premium (no ads) plans are now $19.99 and $26.99, respectively. Netflix stated that these changes reflect its ongoing investment in content and aim to enhance user experience. The company reported strong subscriber growth and revenue, indicating a solid position for these price adjustments.
Read at TheStreet
Unable to calculate read time
Collection
[
|
...
]