The first quarters bottom line of 1.7 billion is a 140 improvement on. Netflix's stock rose roughly 2% following the news on Friday. The price of a Basic plan, which covers viewing on one screen at a time in standard definition, will increase by 8 per cent from 11.99 to 12.99 per month. Largely lost in the noise of a membership shortfall, however, is that Netflix more than doubled its year-over-year profits. It gained about 940,000 in UCAN to stand at 74.0 million compared with a net add of 18.1 million worldwide. Netflix also gained 70,000 streaming subscribers in the U.S. In the fall of 2021, Netflix added 4.4 million subscribers, bringing its global subscriber number to 213.5 million. Disney Plus, which has been charging 6.99 per month, and. As always we offer a range of plans so members can pick a price that works for their budget.” As Netflix has seen more competition from other streaming services, those services are also tinkering with their price structures. “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options. plans to raise its rates for streaming subscriptions in the U.S. “We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our members,” a Netflix rep said in a statement, per Variety. When Netflix announced that it was raising the price on all three of its subscription tiers by anywhere from 1 to 2 per month, the company saw an immediate rise to 3.1 of its userbase canceling in January and that total increased to 3.3 in March. The Basic plan remained unchanged at $9.99 (CAD)/month. The Standard package increased by $1.50 (CAD), rising to $16.49 (CAD), and the Premium plan increased by $2 (CAD) to $20.99 (CAD)/month. The company also increased prices in Canada.
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