As part of its latest quarterly report, video streaming Netflix reported that it now has over 222 million paying subscribers, up 9 percent year-over-year.
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Netflix announced it was raising the price of its subscription streaming service by $1 to $2 per month depending on the plan.
Netflix earned a net income of $1.7 billion on revenues of $7.3 billion in the quarter ending June 30, and it now has over 209 million paid subscribers.
A J.D. Power study claims that Americans now spend $47 per month, on average, for streaming services, up 24 percent from the $38 per month spent before the pandemic.
As part of its latest quarterly earnings report, Netflix announced this week that it has surpassed the 200 million active user milestone.
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Netflix lost around 130,000 subscribers in the United States in the last quarter, and so it's looking at new low-cost plans to help grow its subscriber numbers globally.
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Netflix is testing a new mobile feed that gives users access to new pictures, video clips, trailers from shows they might like.
Netflix is introducing price rises for its Standard and Premium plans in the UK while the base plan remains unchanged.