Netflix posted its third-quarter earnings connected Thursday and beat Wall Street predictions for some subscribers added and wide revenue. Meanwhile, analysts forecast that the streaming elephantine will soon raise its prices.
Netflix's gross for the 3rd 4th was $9.825 billion, somewhat much than the $9.769 cardinal analysts had predicted. The institution besides added 5.1 cardinal subscribers, good complete the 4 cardinal further users investors expected.
"Engagement, our champion proxy for personnel happiness, remains healthy," the study noted. "Through the first 3 quarters of 2024, position hours per personnel amongst proprietor households (the clearest position of engagement trends station the preamble of paid sharing) accrued twelvemonth complete year."
Related: Netflix Updated Its Famous Employee 'Keeper Test' successful a New Culture Memo — Here's What's Changed
Netflix presently has complete 600 cardinal users pinch each 1 spending astir 2 hours per time connected the platform, per the report.
Will Netflix Raise Prices successful the U.S.?
Thursday's net study whitethorn not mean subscribers will debar a value hike. The streaming institution is expanding prices successful Spain and Italy connected Friday, and analysts from finance firms including Oppenheimer & Co. stated earlier the net release that a value hike whitethorn beryllium connected the measurement for U.S. users, too.
Netflix presently costs $6.99 per period for a modular scheme pinch ads, $15.49 per period for a modular scheme pinch up to 2 devices watching astatine the aforesaid time, and $22.99 per period for a premium scheme pinch up to 4 devices supported.
Related: How to Hire Like Netflix — 'This Is a Completely Different Way of Thinking About Human Capital'
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