Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Netflix Shares Jump on Report It Hiked U.S. Monthly Subscription Fee

Stock MarketsJan 14, 2022 03:33PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Sam Boughedda

Investing.com — Shares of Netflix Inc (NASDAQ:NFLX) rose 3% to $534.93 after a report by Reuters said the streaming service has raised its monthly subscription price in the United States.

According to Reuters, the company has increased the monthly fee by $1 to $2 depending on the plan to help fund new programming. The standard plan is said to be rising to $15.49 per month, up from $13.99.

The news is a welcome boost to Netflix shares which have dropped 17.9% in the last three months.

The monthly price in Canada will rise to C$16.49 from C$14.99, the report said.

Reuters cited a Netflix spokesperson as saying: "We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. As always we offer a range of plans so members can pick a price that works for their budget."

Before the opening bell on Friday, UBS analyst John Hodulik lowered Netflix's price target to $690 from $720 as he believes fourth quarter net subscription adds will likely come in below guidance.

Netflix Shares Jump on Report It Hiked U.S. Monthly Subscription Fee
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Al Ose
Al Ose Jan 15, 2022 3:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Pay up you couch potato chespskates.
Empire Destroyer
Empire Destroyer Jan 14, 2022 6:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wonder how many subscribers they'll lose? Buy food and pay for electricity or pay for Netflix... hmmm tough choice
Benjamin USA
Benjamin USA Jan 14, 2022 6:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Its another $24/yr for the price hike. Not losing much. If you need food its probably better to cancel for a couple of months.
Akuma Bebe
Akuma Bebe Jan 14, 2022 4:34PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hmm Alr
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email