Netflix Raises Subscription Fees In U.S., Canada

Topline

Netflix raised its monthly subscription fees Friday in the U.S. and Canada ahead of its earnings report next week.

PARIS, FRANCE – NOVEMBER 02: Netflix logo is displayed during the ‘Paris Games Week’ on November … [+] 02, 2017 in Paris, France. Netflix is an American company offering streaming movies and TV series on the Internet. ‘Paris Games Week’ is an international trade fair for video games and runs from November 01 to November 5, 2017. (Photo by Chesnot/Getty Images)

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Key Facts

Netflix raised its basic plan $1 to $9.99, its standard plan $1.49 to $15.49, and its premium plan $2 to $19.99.

Investors seemed to approve, sending the stock up 1.55% to $526.72 in late afternoon trading.

Netflix had eight of the top 10 most-viewed streaming shows as of December 19, according to Nielsen.

As of its Q3 report, the company had the most subscriptions of any streaming service with 214 million, but growth has slowed since a boom in the early stages of the coronavirus pandemic.

Source: https://www.forbes.com/sites/masonbissada/2022/01/14/netflix-raises-subscription-fees-in-us-canada/