Netflix announced that it will increase the price of its subscription in several countries, including Spain and Italy. This is a general update that is being carried out expansively, and from which new developments are expected in Argentina.
In the case of Europe, the two countries mentioned, to which Belgium is also added, had an increase in the value of the service of more than 27% for the standard plan without ads. In the case of the rest, the adjustments are minor.
For now, Netflix did not report changes in its prices in Argentina.
Netflix prices in October 2024
Standard with ads: $6.99 per month
- With ads, some movies and series not available, unlimited mobile games
- You can watch content on 2 compatible devices at the same time
- Watch in 1080p (Full HD)
- You can download content on 2 compatible devices at the same time
Standard: US$15.49 per month (possibility of adding extra member seats for US$7.99 each, per month)
- Mobile games, series and movies; without advertising and without limit
- You can watch content on 2 compatible devices at the same time
- Watch in 1080p (Full HD)
- You can download content on 2 compatible devices at the same time
Premium: US$22.99 per month (possibility of adding extra member seats for US$7.99 each, per month)
- Mobile games, series and movies; without advertising and without limit
- You can watch content on 4 compatible devices at the same time
- Watch in 4K (Ultra HD) + HDR
- You can download content on 6 compatible devices at the same time
- Netflix Spatial Audio
Good Netflix balance
The pioneer of streaming video Netflix got 5.1 million of subscribers in the third quartersurpassing Wall Street estimates in more than a million usersthe company reported in its earnings report on Thursday.
The Netflix shares soared almost 5% to $721.40 in post-closing operations.
Investors expected Netflix to add 4 million subscribers between July and Septemberaccording to analyst estimates compiled by LSEG. New programming during the period included the thriller series “The perfect couple” and the romantic comedy “Nobody wants this”, Reuters reported.
Diluted earnings per share stood at $5.40, above the forecast $5.12 consensus. Revenue reached $9.825 million, slightly above the forecast of $9.769 million.
Netflix: revenue growth and profit margins
Netflix tried to divert investors’ attention from subscriber numbers to other metrics, such as revenue growth and profit margins. The company said its operating margin reached 30% in the quartercompared to 22% the previous year.
“We have fulfilled our plan to re-accelerate our business and we are very happy to finish the year strong with a great fourth quarter”the company said in a letter to shareholders.
Netflix is working to boost revenue from its new ad-supported plans, but has said it doesn’t expect advertising to become a primary driver of growth until 2026.
In the September quarter, the ad-supported Netflix service It represented more than 50% of subscriptions in the countries where it was available.
Source: Ambito
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