Wed, 22 Jan 2025

Netflix to raise prices as new subscribers soar

Squid Game 2 and live sports, including the Jake Paul v Mike Tyson fight, fuelled new memberships.

* Netflix will increase prices across several countries, including the US, Canada, Argentina, and Portugal.
* Prices in the US will rise by 18% or more on some plans: + Standard subscription without ads: $15.49 to $17.99 per month + Membership with ads: $7.99 (no increase mentioned)
* Netflix added nearly 19 million subscribers between October and December, surpassing expectations.
* The company now has over 300 million subscribers worldwide.
* Net profit doubled to $1.8 billion in the final quarter of last year.
* Sales rose from $8.8 billion to $10.2 billion in the same period.
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