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For the fourth quarter of 2024, the company reported net revenue of $10.2 billion, up from $8.8 billion in the year-ago period, while net income more than doubled to $1.9 billion. Netflix shares ...
The company is raising the cost of its ad-supported plan to $7.99 from the prior $6.99. Its Standard, ad-free tier will now be $17.99, up from $15.49, while its Premium plan will increase by $2 to ...
Compared to the same quarter last year, net profits rose 44% to $2.15 billion. After being widely considered the winner of the streaming wars , there were some questions as to what extent Netflix ...
The previous time Netflix raised prices in the US and UK was in October 2023. In the UK, that meant the basic, ad-free subscription rose from £6.99 a month to £7.99, while the premium ...
Netflix posted its first profit in 2003, earning $6.5 million on revenues of $272 million; by 2004, profit had increased to $49 million on over $500 million in revenues. [33] In 2005, 35,000 different films were available, and Netflix shipped 1 million DVDs out every day.
Netflix started the two-minute metric indicated that the viewer chose to watch the show, and thus counted in its viewership. This also eliminated factors such as the length of the work, so that both short and long works would be treated equally. In a statement to shareholders, Netflix estimated this increased viewership by 35% on average. [146]
Netflix acquires Boss Fight Entertainment, a mobile games developer, their third game studio acquisition after Night School Studio and Next Games. [40] 2023: January: Company: Reed Hastings steps down as CEO. [41] 2023: April: Product: Netflix announces wind-down of DVD.com, with last shipment on September 29, 2023. [42]
Netflix ended September with 282.7 million worldwide subscribers – far more than any other streaming service. Netflix's subscriber growth is slowing, but its profit and stock price are still surging