Netflix customers are threatening to cancel subscriptions after the steaming giant announced another price rise for millions in the UK
Netflix customers are set for another price increase as the streaming giant confirmed its subscription plans would be going up to as much as £18 a month.
The rise comes as the US firm revealed it had added 8.8 million subscribers between July and September – more than expected – partly driven by its scheme to crack down on password sharing.The streaming firm’s latest financial results showed quarterly revenue was up 7.8% year-on-year to 8.5 billion dollars , with profits at 1.67 billion dollars .
A fourth annoyed customer took to X voice their displeasure at the move, saying: “Cancelling our favourite shows on a cliffhanger and raising prices again.” “Its latest set of numbers were strong, with subscriptions significantly better than the market was expecting and margins growing too.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix increases price of some subscriptions in the UKThe streaming firm confirmed two of its four offerings would rise in price.
Read more »
Netflix UK account holders hit with subscription price hikeNetflix is raising the price of some of its subscription plans in the UK
Read more »
Netflix increases price of some subscriptions in the UKThe streaming firm confirmed two of its four offerings would rise in price.
Read more »
Netflix raises UK price plans as subscribers grow at fastest rate since 2020 lockdownShares take a leap as analysts say that a crackdown on password sharing appears to have worked in its favour.
Read more »
‘Netflix effect’ returns as studios license old shows to their streaming rival‘Suits’ and ‘Ballers’ find new audiences but licensing costs may squeeze streamer’s margins
Read more »
Netflix's sharing crackdown is paying off but prices are still risingThe streaming giant said it was putting up prices in the UK and other markets even after introducing tougher rules.
Read more »