Netflix raises prices in the US due to increased competition, company remains popular globally

From Barchart: 2025-04-09 07:00:00

Netflix has announced a price increase for its standard and premium plans in the US. The standard plan will now cost $14.49 per month, while the premium plan will be $18.99 per month. This marks the first price increase for the streaming service in nearly two years.

The price hike comes as Netflix faces increased competition from other streaming services like Disney+ and HBO Max. The company has been investing heavily in new content to attract and retain subscribers. Netflix recently reported that it added 4.4 million new subscribers in the third quarter, falling short of its forecast of 5.1 million.

Despite the price increase, Netflix remains one of the most popular streaming services globally, with over 214 million subscribers worldwide. The company has also been expanding its presence in international markets, with a focus on Asia and Latin America. Netflix’s stock price has risen by over 20% in the past year, reflecting its strong performance and growth prospects.



Read more at Barchart: 3 Options Strategies for Netflix Earnings Next Week