Unexpectedly positive results for Netflix after it stopped sharing passwords to access accounts. In the July-September quarter, the streaming platform reached nearly 9 million subscribers with a profit, reported for the same quarter, of $1.68 billion on revenue of $8.5 billion.
The streamer also announced a price increase effective immediately in the United States on its basic plan offered at $11.99 per month, and its premium plan offered at $22.99. In addition, it planned price “adjustments” for Britain and France. The market responded to these transactions, rewarding Netflix with an increase in share value that rose to $400.
In the competition with Disney, Netflix definitely leads the way: the platform is running at full capacity with subscribers flocking back to the streaming service.
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