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News on Medial
Netflix Planning Another Season of Price Hikes, Analysts Say
Gizmodo
·
1y ago
Medial
Wall Street analysts are predicting another price increase for Netflix's streaming service in 2024. UBS analyst John Hodulik expects rate hikes this year, which could lead to a 15% revenue growth for Netflix. The company's recent crackdown on password sharing and the elimination of its Basic plan in certain regions underscores its mission to maximize subscriber value. Despite previous price increases, Netflix has not seen a significant loss in subscribers, and analysts believe it will be able to retain subscribers more effectively than other streaming services due to its extensive library and dedicated fan base.
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Related News
Netflix explodes into a new era
Livemint
·
6m ago
Medial
Netflix reported a record 18.9 million new subscribers in the fourth quarter, surpassing expectations and even the 2020 lockdown surge. Despite concerns about sustainability following hits like the second season of its most popular series, Netflix highlighted broader subscriber base growth. The company announced another price hike, boosting shares by over 14%. Shifting focus from subscribers, Netflix now prioritizes revenue and earnings growth as it diversifies with advertising, aiming to maintain consistent performance.
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Netflix is different now — and there’s no going back
The Verge
·
1y ago
Medial
Netflix is adapting and making significant changes to stay ahead in the competitive streaming industry. In response to a dwindling subscriber base, the company launched a cheaper, ad-supported tier that quickly gained popularity. Netflix also cracked down on password sharing and implemented price hikes, leading to increased revenue. The company's focus is now on scaling its advertising business and making its ads plan more attractive. Additionally, Netflix's $5 billion deal with WWE Monday Night Raw provides another revenue stream. These strategic moves showcase Netflix's evolution as it navigates the changing streaming landscape.
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Netflix may tap price hikes after success of password-sharing crackdown
Economic Times
·
1y ago
Medial
Netflix is considering price hikes following the success of their crackdown on password sharing. The streaming platform is exploring new ways to maximize revenue and ensure that users aren't sharing accounts without authorization, which has been a common practice. By implementing stricter measures, Netflix aims to encourage individual subscriptions and potentially increase their subscription prices in the future.
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Can Netflix keep flexing its pricing muscle?
Livemint
·
9m ago
Medial
Netflix's third-quarter results showcase its success in the streaming market, with a $2.9 billion operating profit and higher-than-expected revenue and subscriber growth. The stock rose 5%, but some investors are looking for potential price hikes as Netflix currently offers a cheaper ad-supported plan compared to its competitors. However, Netflix has expressed its love for the low price point and increased accessibility of its ad plan, indicating that a major price increase may not be imminent. Nonetheless, with an aim to reach 300 million paid members soon, the streaming giant will face challenges in attracting new viewers.
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Your next car could cost more as price pressure grips India’s auto industry
Economic Times
·
2d ago
Medial
Rising commodity prices, especially steel, are prompting Indian auto companies to implement small price hikes to offset increased costs. While automakers are trying to manage expenses through cost reduction and product mix changes, analysts warn that continued inflation in raw materials could challenge the industry's sustainability. Despite these pressures, the overall impact on auto makers' profits remains limited due to strategic price increases. Additionally, SUV sales in India experienced their first decline in over five years, indicating market fatigue.
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Netflix needs to put on another big subscriber show
Livemint
·
1y ago
Medial
Netflix saw a significant increase in its paid subscribers in the second half of 2023, partly due to cracking down on password sharing. The company added 22 million net new paid subscribers, more than double compared to the same period in 2022. Netflix plans to continue implementing interventions to discourage password sharing in 2024. As the company prepares to release its first-quarter report, expectations vary with official estimates predicting around 4 million net new subscribers, but some analysts and investors anticipating numbers as high as 8 million. The stock price has risen sharply, with Netflix shares surging 66% in the past six months.
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Apple has now sold 3 billion iPhones | TechCrunch
TechCrunch
·
7d ago
Medial
Apple sold its 3 billionth iPhone, a significant milestone reached since the product's 2007 launch. The company achieved the first billion in 2016 and added another 2 billion over nine years. Despite a dip in stock market performance, iPhone sales surged 13% year-over-year, generating $44.6 billion. This success contributed to almost half of Apple’s $94 billion quarterly revenue. Sales were potentially boosted by speculation over tariff-induced price hikes.
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Summer stocks 2025: 2 stocks may gain on rising AC, refrigerator, cooler demand
Business Today
·
5m ago
Medial
Dealers report no sequential price hikes for new AC models yet, with expectations of demand-led increases. Despite tepid demand, a strong summer for fans and air coolers is anticipated, with potential price hikes. The lighting segment saw a price drop of 3-4% in February. Infrastructure-led demand for cables and wires hasn't fully picked up, though the channel restocked amid rising copper prices. Among brands, Finolex and Polycab are popular consumer choices.
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TCS likely to roll out salary increases in March, hikes to average 4-8%: Report
Business Today
·
5m ago
Medial
TCS is planning to implement salary increases in March, with average hikes projected to be between 4% and 8%.
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Netflix may introduce in-app purchases, ads to games
Business Insider
·
1y ago
Medial
Streaming giant Netflix is reportedly planning to generate revenue from its gaming business by introducing in-app purchases and advertisements. The company offers over 75 mobile games to its subscribers, and now it is considering placing a price on premium gaming titles and adding ads to games. Netflix had previously stated that it wants to provide a differentiated gaming experience without ads or in-game payments. The company rolled out its games across various devices and announced the first public tests of its cloud-streamed games in August.
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