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Netflix Raises Prices for U.S. Subscribers; Shares Jump

Published 10/29/2020, 03:12 PM
Updated 10/29/2020, 03:17 PM
© Reuters.

By Yasin Ebrahim

Investing.com - Netflix jumped late-Thursday after the company said it would be increasing prices for its U.S. subscribers. 

Netflix Inc (NASDAQ:NFLX) stock was up 5%.

The company said it would increase its standard plan by $1, to $14 a month and its premium plan by $2, to $18 a month. The move comes after the streaming giant recently reported quarterly results that missed expectations following weaker than expected user additions. 

The company most recently upped its price plans in Canada.  

 

Latest comments

I guess the money to the Obama’s caused a cash flow problem
not sure i follow. can u pls explain? thx
not sure i follow. can u pls explain? thx
Great. Thanx Obama. Side note: added ya to my list of trusted sources.
I dumped my stock-I have first hand info about how bad they treat women working on set! A whistleblower with concrete evidence will finish up with HR and the Board of Netflix and Critical. One top manager needs to resign as well as a few others and will be exposed!
Are you admitting to insider trading?
This isnold news and has been punlished before 🤷🏾‍♂️🤷🏾‍♂️🤷🏾‍♂️
Here's an idea, how about improving the platform, let users chat about the movies, let them rank movies, actually listen to the users for a change!
Well said 👌🏼👍🏼
Netflix stinks type in a movie doesn't come up that i like canceled my months ago
covid stock
nah ******** that. 18 a month is too much
what extra do you get with premium? premium is not in my country
for real! I canceled mine, there's too many other movie services out there. I hear a lot about tubitv.
wife says cancel and get Disney. arrhhhh
I guess that it’s safe to assume that no one will cancel Netflix over a buck or two a month.
people cancel when you schedule child ******** so you raise prices. nice going knuckle heads.
Why did the share price increased when they raised the prices?
Because they will make more money.
yeah but losing 10% of clients due to a rate increase would ********
I don't think they will loose many customers over $1-2 per month.. about $0.07 per day
You kiding me rn? the editor must be ********
Problem : " missed expectations following weaker than expected user additions." Solution: Raise subscription prices.        LOL.
not enough "good" new content will cancel before the price gouge I mean increase
Well i was thinking about cancelling anyways. So this just confirms it
not enough "good" new content will cancel before the price gouge I mean increase 😅
Netflix...we don't have enough customers, let's raise prices... lol
*Nerflix
What Nerve... Nerflix
Time to fire the editor
Nerflix... can't believe no ones made a joke of this typo. there's good jokes in there but none I can make in social platform
Netflix name typo in headline ..shame editing
Also a great way to lose subscribers
Nerflix well done
big red , people doont have money to pay , NO stimuli in november no december no january 2021. GAME OVER , a big red
Nerflix?... good one
Nice typo "nerflix" VERY professional! hmph
They just missed on growth. so they raise prices? lol.
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