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

© Reuters.

By Yasin Ebrahim – 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.  


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


READ  Israel shares higher at close of trade; TA 35 up 0.71%


Please enter your comment!
Please enter your name here