Netflix Increases Subscription Prices in Four Countries Following Record Subscriber Growth
- Netflix reported a record 19 million new subscribers, bringing total memberships to over 300 million, as stated in their fourth-quarter earnings report.
- The company is raising subscription prices in the United States, Canada, Portugal, and Argentina, with increases effective in the next billing cycle, according to Netflix spokesperson MoMo Zhou.
- Analysts generally view Netflix positively, with 32 out of 48 rating it a buy or strong buy, as reported by LSEG data.
- Netflix's shares surged 12% after the announcement of price increases and the company's plan to reinvest in programming, according to early trading reports.
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Total News Sources0
Leaning Left17Leaning Right5Center18Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
44% Center
L 43%
C 44%
13%
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