Brief by Shorts91 Newsdesk / 08:16am on 22 Jan 2025,Wednesday Business
Netflix has announced price hikes for its US and Canadian subscription tiers following a record-breaking 19M subscriber jump in Q4 2024. This growth pushes its global subscriber base to 302M, cementing Netflix’s dominance in the streaming market. Popular events like the Tyson-Paul boxing match and “Squid Game” season 2 fueled the surge. Monthly prices will increase by $2 for premium 4K plans ($24.99) and $1 for ad-supported accounts ($7.99). Revenue hit $10B, a 16% rise, with $2.3B operating income. Netflix plans further investments in live events and sports to drive growth. Shares soared 13% after the announcement.
