The number of Netflix subscribers exceeded 300 million. The company announced that it will raise prices in the United States, Canada, Portugal and Argentina.
Wroclaw, Poland – SEP 16, 2020: Man with Netflix logo on screen. Netflix is the most popular video streaming platform. Colourbox
The number of subscribers to the streaming service Netflix increased by 19 million during the end of 2024, and the company crossed the 300 million subscriber mark worldwide. In 2023, there were 41 million fewer subscribers.
In the last quarter of the year, Netflix made an operating profit of $1.87 billion on revenue of $10.25 billion, the company announced on Tuesday.
Last year, Netflix started showing live sports, and the last quarter of the year included, among other things Mike Tyson’s and Jake Paul’s boxing match between, which drew 108 million viewers worldwide, and the NFL games shown on Christmas Day, which averaged 30 million viewers. In addition, Netflix released the popular Squid Game -series’ second production season.
Netflix announced that it will raise prices in the United States, Canada, Portugal and Argentina in the coming weeks. No more has been said about the new prices yet.
– As we continue to invest in programming and offer more value to our members, we sometimes ask our members to pay a little more so that we can reinvest in making Netflix better, the company said.