Netflix Just Raised Prices. Here's How It Stacks Up to AppleTV+, Peacock and More
Key Takeaways Netflix is now charging $7.99 rather than $6.99 a month for its cheapest plan.The new price is equal to the least expensive plan available from Comcast's Peacock.Most other major streaming services' plans start at a dollar or two more a month.
Netflix raises prices for all US plans. Here's what to know.
The standard monthly subscription without advertisements will climb from $15.49 to $17.99, and a standard monthly subscription with ads will increase one dollar to $7.99, Netflix said. The price hikes arrived alongside a stellar earnings report that showed the largest subscriber gains over a three-month period since the company’s founding more than a quarter-century ago.
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Loop Capital raised the firm’s price target on Netflix (NFLX) to $1,000 from $925 and keeps a Hold rating on the shares. The firm notes that
Netflix Stock Soars to a New High After Its Best Subscription Quarter Ever. It’s Raising Prices, Too.
A strong slate of recent original shows and live events is likely to have encouraged people to sign up for the streaming service.
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