Netflix also said that adoption of its advertising tier plans continues to grow, with membership up almost 70% compared to the previous quarter. “From a strategic perspective, we believe we can build games into a strong content category, leveraging our current films and series.”Raising prices along with its competitionNetflix last raised prices in January 2022, but its biggest competitors have all raised prices since then. Discovery, raised prices in January 2023 by $1 a month – its first-ever price hike. Related Articles Business | Netflix raises prices on some of its streaming plansNetflix raises prices on some of its streaming plans Business | The cheap streaming era is over. Netflix is one of the few profitable streaming services, and investors are demanding Netflix continue to grow its earnings.

Source: CNN October 19, 2023 01:21 UTC