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Netflix hikes prices as its lead widens over other streaming services

0 Comment(s)Print E-mail Xinhua, January 23, 2025
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NEW YORK, Jan. 22 (Xinhua) -- Netflix, the American subscription video on-demand over-the-top streaming service, has raised its prices after gaining a record 41 million new subscribers last year.

The world's largest streaming service said on Tuesday it had raised subscription rates across most plans in the United States, Canada, Portugal and Argentina. For U.S. users, Netflix's ad-supported plan increased from 6.99 U.S. dollars to 7.99 dollars monthly, while a standard subscription has increased from 15.49 dollars to 17.99 dollars.

The platform's premium ad-free plan, which allows four users to stream concurrently, went up by 2 dollars to 24.99 dollars per month.

Also on Tuesday, Netflix announced annual operating income that exceeded 10 billion dollars for the first time in its history, on the back of year-on-year revenue growth of 16 percent.

Wall Street cheered the news, as the company's stock price gained about 12 percent by midmorning Wednesday. Enditem

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