Netflix Says Raised Subscription Prices For Some Of Its Streaming Plans In U.S., Britain, France On Wednesday
Portfolio Pulse from Benzinga Newsdesk
Netflix has announced an increase in subscription prices for some of its streaming plans in the U.S., Britain, and France. The price hike was implemented on Wednesday.
October 18, 2023 | 8:07 pm
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NEUTRAL IMPACT
Netflix's decision to raise subscription prices in the U.S., Britain, and France may lead to increased revenues but could also risk subscriber churn if customers find the new prices unaffordable.
The price increase could potentially boost Netflix's revenues in the short term. However, there's also a risk of subscriber churn if customers find the new prices unaffordable or if competitors offer more attractive pricing. The net impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100