"Netflix Had Been Lone Major Streaming Platform Not To Raise Prices In The Past Year; Netflix Plans To Raise Prices After End Of Actors' Strike, Sources Say" - WSJ
Portfolio Pulse from Benzinga Newsdesk
Netflix, the only major streaming platform that has not raised prices in the past year, plans to increase its prices after the end of the actors' strike, according to sources cited by the Wall Street Journal.
October 03, 2023 | 1:54 pm
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NEUTRAL IMPACT
Netflix's planned price increase could potentially boost its revenue, but may also risk losing subscribers sensitive to price changes.
The price increase could potentially boost Netflix's revenue, which would be positive for the stock. However, there's also a risk that the price increase could lead to a loss of subscribers who are sensitive to price changes, which would be negative for the stock. Therefore, the net impact on the stock is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100