Revenue in the fourth quarter jumped 16% year-over-year, reaching $10.25 billion, higher than the $10.11 billion Wall Street had predicted.

Netflix will raise prices across a number of countries after adding nearly 19 million subscribers in the final months of 2024. The streaming firm said it will increase subscription costs in the US, Canada,

Under the new pricing in the U.S., Netflix’s Standard plan without ads will rise by $2.50 — going from $15.49 to $17.99 per month. It’s been three years since Netflix upped the pricing of the Standard tier, which provides two simultaneous HD streams.

The streaming giant is upping the cost of its standard ad-supported tier to $7.99 a month in the U.S., up from $6.99 and the standard plan is increasing by $2.

The earnings report solidified Netflix's dominance in the market, with hits such as "Squid Game" and a boxing match between Jake Paul and Mike Tyson.

Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers,

Analysts predicted live sports might power a Netflix subscriber beat. But as the company trounced the expectations, management said sports drove only a “small minority” of additions.

The company is also raising prices for the ad-supported Netflix, the premium tier, and the cost for adding an extra member to an existing plan.

Netflix is raising prices across its existing U.S. plans, aiming to capitalize on surging demand after the streaming service posted sharp subscriber gains in the fourth quarter. The company’s ad-supported tier will cost $7.

Going forward, even ad-supported plans will see a price increase. Variety reports that the streamer behind shows like “Baby Reindeer,” “Stranger Things” and “Squid Game” just announced price hikes across the board,

Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers.