Netflix subscribers will see a noticeable jump in their monthly subscription fees, as the streaming company revels in new viewership. In a letter to shareholders on Tuesday, the company announced it increased prices across most plans in the U.S., Canada, Portugal and Argentina.
Netflix Inc. may have a hard time topping its mammoth 2024, but Wall Street is optimistic about offerings that include major names in entertainment and sports.The streaming-video company has made a splash with sports programming,
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.
Netflix added nearly 19 million subscribers during the holiday-season quarter to help propel its earnings beyond analysts’ projections, signaling that the video streaming service’s expansion into live programming is paying off.
According to the latest earnings reports, the company announced that they are adjusting prices after reporting its biggest-ever subscriber jump.
Supposed foes turned into friends during one of many of President Donald Trump’s celebratory galas as both Jake Paul (27) and Mike Tyson (58) attended his inauguration Monday. Paul put his former boxing foe on his shoulders while at a Washington D.C. party that featured a wild collision of A-list celebrities and national power brokers.
The other tiers of service have seen price hikes before. Netflix last raised the price of its Standard plan in January 2022, upping the monthly cost to $15.49 from $13.99. The company increased the cost of its Premium tier by $2 to $19.99 a month in 2022 and then raised it again in October to $22.99.
The two boxers, who previously competed against one another in a massive bout last year, were captured together amid a jovial encounter during the inauguration, with Paul hoisting Tyson atop his shoulders as other attendees cheered on.
The strong subscriber gains come as the streamer ended 2024 with two back-to-back NFL games, a successful "Jake Paul vs. Mike Tyson" boxing match, and the return of "Squid Game." To that end, the company said price hikes will be hitting the service — which analysts had consistently teased heading into the print.
As is the case with most Netflix earnings reports, the question for the company on Tuesday isn’t whether the number of subscribers will rise – it’s about just how high the number can go. Most Wall Street analysts expect a marked surge in the fourth quarter,