The rise comes as Netflix revealed it had added 8.8million subscribers between July and September – more than expected – partly driven by its scheme to crack down on password sharing.
Netflix has confirmed it is hiking the price of some of its subscription plans in the UK just months after a crackdown on shared accounts.
It has introduced an extra fee to enable more than one household to share the same account, which the company said accounted for around 30% of the new sign-ups in countries where it was available.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 .
“Its latest set of numbers were strong, with subscriptions significantly better than the market was expecting and margins growing too.
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