![]() Based on the plan you pick, only a certain number of “extra members” can be added to your plan who aren’t under the same Wi-Fi. This must mean Netflix’s password-sharing crackdown is working as many people have had to create new accounts. This is a big deal considering its previous quarters only jumped in single-digit millions. In its Q4 2023 earnings report, the company reported it got over 260 million subscribers. According to the shareholder letter, the company experienced a 13 million subscriber surge and a 12.5% year-by-year revenue increase. ![]() While it may be disappointing to see another potential price hike, the streaming service simultaneously celebrated a win by seeing an increase in subscribers. As the prices keep climbing, and the most affordable plan says goodbye, I’m worried about what this will do to my and other subscribers' monthly spending. Just when we thought spending $15.49 or $22.99 a month for a plan was a lot, it freaks me out that these numbers could get higher than that. Those who currently have the basic plan will be on it until the pricing changes or the account is canceled. What do you think of Netflix's new price increase? Is it worth it? Share your thoughts in the comments below.In the US, you can see on Netflix’s plan and pricing that the basic plan is no longer available for new or returning members. Meanwhile, Disney is planning to launch its own streaming service in 2019 which would include content from popular brands such as Star Wars and Marvel.ĭespite the price hike, Netflix still serves as a solid choice for cord-cutters looking to save a dime on in-home entertainment as its pricing still remains competitive with the likes of Hulu, HBO, Showtime and other streaming content providers. 2018 saw the launch of new streaming services such as DC Universe, while up-and-coming competitors such as Amazon Prime continue to up their content game as well. The streaming service space is certainly growing more crowded each day as numerous big-name content creators dive in for a piece of the Netflix streaming pie. ![]() Netflix users may be seeing a price hike but it's still quite competitive with other streaming services. Can Netflix's New Prices Compete With Other Streaming Services? ![]() In fact, the Netflix stock saw a 6 percent increase Tuesday morning at market open and remains steady at around $355 a share. Netflix (NFLX) stock has seen a tremendous amount of growth in the last year and the new price announcement doesn't seem to have dampened that at all. "We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience," a company spokesperson said in a statement. The rate hikes will not, however, take effect in Mexico and Brazil. This includes countries such as Uruguay, Barbados and Belize. An additional 40 countries in Latin America that bill in U.S. Netflix's price increase won't just affect U.S.
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