![]() The basic, ad-supported Essential plan is 5.99 per month or 59.99 per year and includes access to the streamer’s library of 45,000 episodes and. It ended the quarter with 247mn subscribers, up 11 per cent from a year earlier. Paramount Plus offers two plans for consumers. “We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,” the company said in a statement announcing the changes, which apply just to United States customers. Netflix’s earnings of 3.75 a share in the third quarter were above Wall Street forecasts for 3.52. More money is going out the door than coming in, a difference that Netflix covers by borrowing even more. The company’s appetite for content means it has to spend big, resulting in what’s known as negative free cash flow. One of reasons: Netflix burns a lot of cash. But fee increases at Netflix are inevitable. (Photographer: Bing Guan/Bloomberg via Getty Images / Getty Images) Over the summer, Netflix slammed the brakes on the basic. ![]() A bare-bones subscription, for instance, had cost $8 a month. is scheduled to release earnings figures on April 20. Many of its users pay for the service even if they don’t consistently watch its content, partly because of its attractive pricing. Netflix prepared its users and investors for more price hikes to come in its quarterly investor letter. Given how much it has been spending on content, the move isn’t surprising, but the latest jump - anywhere from 13 to 18 percent depending on the subscription plan - is the biggest increase since Netflix started its streaming service a dozen years ago. The company’s decision to raise its standard plan by 1 per month, from 12.99 to 13.99, and its premium plan by 2 per month, from 15.99 to 17.99, is an essential part of Netflix’s long.
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