Netflix Inc. may have a hard time topping its mammoth 2024, but Wall Street is optimistic about offerings that include major names in entertainment and sports.The streaming-video company has made a splash with sports programming,
Mike Tyson and Jake Paul partied together at an inaugural ball for President Donald Trump on Monday, Jan. 20, two months after the boxers faced off in a televised match on Netflix.
A strong slate of recent original shows and live events is likely to have encouraged people to sign up for the streaming service.
Netflix added nearly 19 million subscribers during the holiday-season quarter to help propel its earnings beyond analysts’ projections, signaling that the video streaming service’s expansion into live programming is paying off.
Netflix subscribers will see a noticeable jump in their monthly subscription fees, as the streaming company revels in new viewership. In a letter to shareholders on Tuesday, the company announced it increased prices across most plans in the U.S., Canada, Portugal and Argentina.
Netflix’s ad-tier subscription used to cost $6.99. A standard subscription used to be $15.49. And a premium subscription used to be $22.99.
Netflix stock zooms 15% to hit record high of $988 on subscriber growth boost, global base swells to 300 million
Netflix will also try to stop password sharing. Subscribers can add extra members to their accounts for a fee that is less than a new subscription. Adding someone to a standard ad-free plan will increase to $8.99, while the charge for extra members on a plan with commercials will remain the same.
Netflix's earnings report sent its stock surging — and made it a bit more clear how sports content impacts the company's present and future.
In a historic quarter, Netflix welcomed nearly 19 million new subscribers, fueled by the return of ’Squid Game’ and major live sporting events. As the company embraces ad-supported models, its strategic mix of programming and live content is reshaping the streaming landscape.