Netflix Shares Jump on Report It Hiked U.S. Monthly Subscription Fee

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Stock Markets27 minutes agone (Jan 14, 2022 03:33PM ET)

Netflix Shares Jump connected  Report It Hiked U.S. Monthly Subscription Fee © Reuters.

By Sam Boughedda

Investing.com — Shares of Netflix Inc (NASDAQ:) roseate 3% to $534.93 aft a report by Reuters said the streaming work has raised its monthly subscription terms successful the United States.

According to Reuters, the institution has accrued the monthly interest by $1 to $2 depending connected the program to assistance money caller programming. The modular program is said to beryllium rising to $15.49 per month, up from $13.99.

The quality is simply a invited boost to Netflix shares which person dropped 17.9% successful the past 3 months.

The monthly terms successful Canada volition emergence to C$16.49 from C$14.99, the study said.

Reuters cited a Netflix spokesperson arsenic saying: "We’re updating our prices truthful that we tin proceed to connection a wide assortment of prime amusement options. As ever we connection a scope of plans truthful members tin prime a terms that works for their budget."

Before the opening doorbell connected Friday, UBS expert John Hodulik lowered Netflix's terms people to $690 from $720 arsenic helium believes 4th fourth nett subscription adds volition apt travel successful beneath guidance.

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