CHATTER AWAY: Overnight Open Thread

October 18, 2023 JMG Community, Open Thread

Netflix increased subscription prices for some of its streaming plans in the United States, Britain and France on Wednesday as it shattered new customer expectations, and its shares jumped 13%.

The company picked up almost 9 million subscribers around the globe, surpassing the 6 million expected by Wall Street analysts, according to LSEG. Netflix said it expected a similar number of additions in the current quarter.

Netflix increased the U.S. price of its premium ad-free plan by $3 per month to $22.99. The cost for premium rose by 2 pounds to 17.99 pounds in Britain and by 2 Euros to 19.99 Euros in France.

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Netflix raises prices as it adds 9 million subscribers https://t.co/HhCCmO7Trb pic.twitter.com/onXqjFambM

— Reuters (@Reuters) October 18, 2023