Nerflix Raises Prices for U.S. Subscribers; Shares Jump


© Reuters.

By Yasin Ebrahim

Investing.com – Netflix jumped late-Thursday after the company said it would be increasing prices for its U.S. subscribers. 

Netflix Inc (NASDAQ:) stock was up 5%.

The company said it would increase its standard plan by $1, to $14 a month and its premium plan by $2, to $18 a month. The move comes after the streaming giant recently reported quarterly results that missed expectations following weaker than expected user additions. 

The company most recently upped its price plans in Canada.  

 

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