Netflix announced price increases for most of its subscription tiers in the US and Canada following a record-breaking quarter with 19 million new subscribers. The streaming giant attributed the growth to successful live sporting events, the premiere of 'Squid Game' season two, and the addition of WWE 'Raw' live broadcasts. The price hikes reflect the company's continued investment in programming and its strategy to increase profitability.
Netflix is raising prices on most of its subscription tiers in the US and Canada after reporting 19 million new subscribers in 2024 Q4.Netflix announced Tuesday it will raise prices on most of its subscription tiers in the US and Canada after the streaming giant reported 19 million new subscribers in the last quarter of 2024.
The price increases announced Tuesday will see the standard monthly membership without advertisements increase from $15.49 to $17.99, while a standard account with ads will rise one dollar to $7.99. Its highest-priced premium tier, which includes 4K video quality, will increase by $2 to $24.99. The company on Tuesday reported its revenue increased 16% last quarter, exceeding $10 billion for the first time in its history, while operating income totaled $2.3 billion, a 52% on-year increase. Netflix also announced a $15 billion stock buyback. The news sent shares soaring 13% Tuesday afternoon.
Tuesday's earnings marks the final time Netflix will publicly report its paid membership figures on a quarterly basis. Instead, the company said it will begin reporting a twice annual "engagement report" with updates.
Business NETFLIX SUBSCRIBERS PRICE INCREASE STREAMING SPORTS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix Raises Prices for All Subscription TiersNetflix is implementing a price hike across all its subscription plans, marking the first major increase since 2023. The ad-supported tier is seeing its first price increase since its introduction, while standard and premium tiers are also experiencing higher monthly costs. The price adjustments reflect Netflix's ongoing investments in original programming and its aim to maintain its position as a leading streaming platform.
Read more »
Netflix Raises Prices Again Amid Subscriber SurgeNetflix is increasing its subscription prices in the US, Canada, Portugal, and Argentina following a record-breaking quarter for subscriber growth. The price hikes come as the streaming giant invests in new programming and seeks to offset rising costs. The most significant increase will affect the Premium tier, which will now cost $24.99 per month, up from $22.99. Other plans, including the Basic and Standard tiers, will also see price increases.
Read more »
Netflix Raises Prices on All Streaming Plans, Including Ad-Supported TierNetflix is increasing the cost of its streaming plans in the U.S., including the cheaper, ad-supported tier. The standard plan without commercials will jump from $15.49 to $17.99 per month, while the ad-supported plan will rise from $6.99 to $7.99. This marks the first price increase for the ad-supported plan since its introduction in 2022.
Read more »
Netflix Raises Prices Again, But Still Offers a Good Deal, Data ShowsNetflix has increased its subscription prices in the US, with the standard plan now costing $17.99 per month and the premium plan at $24.99. Despite this, data suggests that Netflix remains the most affordable streaming service on a per-hour-of-consumption basis, offering significant value to subscribers.
Read more »
Netflix Raises Prices in US Across Multiple TiersNetflix announced a price increase for its Standard, ad-supported, and Premium tiers in the United States. The ad-supported tier will cost $7.99 per month, up from $6.99. The Premium tier, allowing four simultaneous streams, is increasing by $2 to $24.99 per month. The Standard plan without ads will rise by $2.50 to $17.99 per month. Netflix attributed the increase to continued investment in programming and a desire to further improve the service.
Read more »
Netflix raises prices again, this time on all three plansNetflix gets another price hike, bringing the ad tier to $7.99, the standard plan to $17.99, and the premium plan to $24.99.
Read more »