Netflix Raises Prices As It Adds 9 Million Subscribers

Netflix is getting another price hike internationally. In its Q3 earnings results, the streamer confirmed that while the password sharing crackdown initially bothered its customers, it has paid off in the long run, with the company adding 8.8 million new subscribers. This brings the total to 247.15 million Netflix members, marking a huge jump from its July report of 238 million.

With that, prices of Basic and Premium tier plans are being increased in the US, the UK, and France, starting today. A report from earlier this month alluded to an imminent hike, albeit it was expected to be deployed after the ongoing Hollywood actors' strike ended.

“As we deliver more value to our members, we occasionally ask them to pay a bit more,” Netflix said in a prepared statement (via The Verge).