Netflix is raising its prices again - after adding 19 million new subscribers in Q4

Posted: Jan 22, 2025

  • Netflix announced price increases on most plans in the US, Canada, Portugal, and Argentina
  • Ad-supported tier will increase from $6.99 to $7.99, standard tier from $15.49 to $17.99, and premium tier from $22.99 to $24.99
  • Last price increase was in October 2023
  • Q4 lineup exceeded expectations, including "Squid Game" season two
  • Netflix's share price went up more than 14% in after-hours trading, reaching $995.30
  • Netflix's market capitalization was $371.75 billion at close


What do people on Reddit think?

🚨 Reddit sentiment: negative - Most comments express dissatisfaction with Netflix's price increase and content quality, leading to account cancellations and a turn towards other platforms or piracy. Summarized comments: - Some users question the accuracy of the 19 million new subscribers citing possible inflation due to events like the Paul vs Tyson fight. - There is concern that price hikes could push the cost of Netflix towards that of traditional cable services like Comcast. - A few users express dissatisfaction with Netflix's content, particularly criticizing an abundance of dating shows. - Some people are considering or have already canceled their subscriptions due to rising costs and perceived decline in content quality. - There is a general dismissiveness towards threats of boycott affecting Netflix's business. - A small subset of users mention they have turned to piracy as an alternative after canceling their subscriptions. - One user notes they have not missed Netflix after canceling their subscription a year ago. - There is a comparison to YouTube being a preferable alternative for content at a lower cost. Stock tickers discussed: $NFLX, $GOOGL



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