Netflix's fourth-quarter earnings for 2024 showed robust results, including over $10 billion in operating income and a 16% revenue increase. However, the company is raising subscription prices across various plans in the US, Canada, Portugal, and Argentina. The Standard plan with ads will increase from $7 to $8, while the ad-free Standard will rise from $15 to $18. The Premium plan will also see a hike from $23 to $25. Despite its profitable growth, Netflix is requiring members to pay more to support its ongoing programming investments.
"As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix."
"The Standard plan with ads is inching up from $7 to $8 a month, while the ad-free version of Standard will rise from $15 to $18 a month."
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