Netflix will 'continue to evolve' its pricing model but loves 'the low price point' of its $6.99 ads plan
Published On Oct 17, 2024, 6:18 PM
Netflix is opting not to increase its US subscription prices for now, unlike competitors like Disney+ and Peacock who have raised their rates. The company recently added over 5 million subscribers in the last quarter, keeping its stock close to record highs. Analysts believe that a price increase could drive future gains, especially as viewing numbers remain robust. Netflix's ad-supported plan at $6.99 is performing well, reflecting the company's focus on providing various pricing tiers that offer value to consumers.
Stock Forecasts
NFLX
Positive
Given the positive subscriber growth and the possibility of price hikes in the future—which analysts are viewing as a potential catalyst for stock price appreciation—Netflix appears well-positioned for future growth. The strong performance of the ad-supported plan also indicates a successful diversification of revenue streams.
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