![]() ![]() Basic (still available in France for now): €10.99 per month (up from €8.99).Standard with ads: €5.99 per month (no change).Premium (with 4K streaming): £17.99 per month (up from £15.99).Basic (no longer available): £7.99 per month (up from £6.99).Standard with ads: £4.99 per month (no change).Premium (with 4K streaming): $22.99 per month (up from $19.99).Basic (no longer available): $11.99 per month (up from $9.99).Standard with ads: $6.99 per month (no change).But subscribers aren’t going to be happy, as it means that the company is going to raise its prices for some of its plans once again in three key markets. This is good news for shareholders, which is why Netflix shares are currently up 13.75% in pre-market trading ($393.79 per share). Nearly a third of new subscribers start with an ads plan. Ads are increasingly contributing to the bottom line as the number of subscribers on the ads plan is up almost 70% quarter-over-quarter. When it comes to revenue, Netflix reported $8.5 billion this quarter, with earnings of $3.73 per share. Netflix hasn’t seen that kind of growth in subscribers since Q2 of 2020, also known as the quarter of strict COVID lockdowns around the world. And that number jumped by 8.76 million subscribers this quarter alone. ![]() The company now has 247.15 million subscribers. While reports suggest that many customers are facing subscription fatigue and are thinking about canceling some streaming subscriptions, it seems like Netflix still has a lot of room for growth - especially with advertising revenue. People now have to pay quite a bit of money to remove ads from Netflix. The company also streamlined its offering a couple of months ago by removing the basic tier in the U.S. In other words, we’re now seeing a clear picture of the effect of password sharing as the third quarter is the first full quarter under the new rules. In May, Netflix began its crackdown on password sharing in its home market and in dozens of global markets. For instance, the most expensive plan will now cost $22.99 per month for new subscribers.īut let’s rewind first and look at Netflix’s current situation. and France to differentiate ad-free plans from its entry-level ad supported plan. The company added nearly 9 million subscribers globally, which means that revenue is up.Īnd yet, it also means that Netflix is using this opportunity to raise the prices of some of its plans in the U.S., the U.K. Netflix reported its third-quarter earnings and things are going great right now for the streaming giant. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |