Netflix stock jumps after adding more than 8 million subscribers since last year

Los Angeles CNN  — 

Netflix announced price increases Wednesday for some subscription tiers in the United States, United Kingdom and France.

The streaming giant said in its third-quarter earnings report that its premium ad-free plan in the United States will rise by $3 per month, to $22.99.

It also reported a 9% year-over-year increase in average paid memberships, adding 8.8 million subscribers last quarter. That’s compared to 2.4 million in the third quarter last year.

Netflix said it brought in $8.54 billion in revenue last quarter, boosted by higher-than-expected growth of its membership base.

Stock jumped by 10% in after-hours trading.

This story is developing and will be updated.

SOURCE

Leave a Comment

sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu sdu