US-based streamer Netflix added nearly nine million new global subscriptions in the last quarter following a clampdown on password sharing, but is still planning a price hike in its premium, ad-free packages.
The streamer’s share price jumped 12% post trading yesterday when its latest quarterly result showed it had added 8.8 million new subscribers between July and September to reach 247 million globally, its best results for two years and substantially more than the six million that had been predicted. The quarter saw releases including season one of One Piece, season three of The Witcher and Top Boy and season four of Sex Education.
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