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Netflix has been on a roll, driven by subscriber growth and price hikes. For the fourth quarter of 2024, the company reported net revenue of $10.2 billion, up from $8.8 billion in the year-ago ...
Netflix is expected to hike prices on its streaming plans in 2024 — a move that should accelerate its revenue and earnings growth — as it continues to take a bigger bite out of overall TV ...
The decision to raise prices comes on the heels of a record-breaking quarter for Netflix. The company added 18.9 million subscribers in Q4 2024, the largest quarterly increase in its history.
Netflix is a subscription streaming service owned by the American company Netflix, Inc. Launched on August 29, 1997, it initially offered DVD rental and sale by mail, but the sales were eliminated within a year to focus on the DVD rental business.
It now costs 9% to 16% more to Netflix and Chill. In disclosing its Q4 2024 earnings results Tuesday, the streaming giant announced a series of subscription rate increases, effectively immediately.
With Netflix’s latest price hike, here’s what basic plans with advertisements from each of the most popular streaming services cost: Apple TV+ — $9.99 Disney+ — $9.99
Elsewhere in the UBS research note, analysts pointed out Nielsen data which shows Netflix’s share of US television viewing rose to 7.9% in January 2024, up from 7.7% the previous month.
"Given Netflix’s low cost per viewed hour, we see scope for the firm to raise US prices by 12% in 2025," Citi analyst Jason Bazinet said in a note to clients ahead of the report.