Netflix shares soar on record subscriber gains, planned price hikes-March 2024-www.financetom.com

Netflix shares soar on record subscriber gains, planned price hikes

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Netflix shares soar on record subscriber gains, planned price hikes

Jan 21, 2025 11:27 PM

LONDON (Reuters) - Netflix shares listed in Frankfurt rose 14.3% in early trading on Wednesday after the streaming service said on Tuesday it attracted a record number of subscribers over the holiday quarter.

The company said it plans to hike prices in the U.S., Canada, Portugal and Argentina after adding 18.9 million subscribers in its fourth quarter.

The company's shares rose 10% in after-hours trading on Tuesday, having closed up 1.35% in regular trading.

Previous page： IMF warns Europe against prematurely declaring victory over inflation Next page： Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

IMF warns Europe against prematurely declaring victory over inflation

Nov 8, 2023

The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

This bank will cut bonus if employees don't come back to work

Nov 22, 2023

ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.