Netflix added a record 19 million subscribers in holiday quarter
- Netflix added 19 million subscribers in the holiday quarter, bringing its total to 302 million, marking its largest-ever growth, driven by popular live events like the Mike Tyson vs. Jake Paul fight.
- Netflix will raise subscription prices in the U.S., Canada, Portugal, and Argentina, with the standard plan increasing from $15.49 to $17.99, and the ad-supported tier from $6.99 to $7.99.
- The company reported a 16% revenue increase, surpassing $10 billion for the first time, with operating income of $2.3 billion, reflecting strong earnings growth.
- Netflix's focus on live programming and sports is part of its strategy to maintain dominance in the competitive streaming market, as stated by Co-CEO Ted Sarandos.
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Coverage Details
Total News Sources0
Leaning Left41Leaning Right12Center41Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
44% Left
L 44%
C 43%
13%
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