![]() ![]() and its lowest-priced, ad-free streaming plan to 11. “As a result, we’re revenue positive in every region when accounting for additional spin off accounts and extra members, churn and changes to our plan mix. In mid-October, the company announced plans to raise the price for its most expensive streaming service by 2 to 22.99 per month in the U.S. Though Netflix didn’t directly mention its password-sharing crackdown in its shareholders’ letter, it cited its “paid sharing” add-on, which allows Netflix subscribers to add non-household members to their subscription for an additional cost, as one of the key drivers for its growth.Īnd what about all the people who said they would cancel Netflix once the crackdown started? “The cancel reaction continues to be low, exceeding our expectations, and borrower households converting into full paying memberships are demonstrating healthy retention,” Netflix said to investors. The price of Netflix’s basic plan will increase by £1 to £7.99 per month in the UK, while its most expensive subscription will increase by £2 to £17.99. As CNBC notes, it’s also the most quarterly subscribers that Netflix has gained since Q2 2020, which is when lockdowns had people clamoring for in-home entertainment. ![]() Standard plans which allow for users to stream on two screens at the same time now cost 15.49 per month, an increase from 13.99, while premium plans. consumers that its standard two-screen service would rise to 15.49the second price increase in two years. That’s nearly four times more than the company added in the same quarter a year earlier and more than the 5.5 million that Wall Street was expecting. In the U.S., subscribers to Netflix’s basic plan, which allows for one stream on one screen at a time and does not have HD streaming, will now be charged 9.99 a month, up from 8.99. First, the good news for investors: Netflix added 8.8 million paid subscribers in Q3 2023. ![]()
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