Netflix Is Raising It’s Prices Again

Key Takeaways

• Netflix is increasing the cost of their Basic and Premium plans in the US, UK and France
• The move comes as the company announce 8.8 million new users, driven partly by the crackdown on password sharing
• Netflix stock soared on the news, jumping over 16% after the earnings call

Netflix isn’t being subtle about its intentions. After cracking down on password sharing and launching a new ad-supported tier, it’s now implementing a major price hike in the United States, France and the UK, which was announced alongside their latest earnings figures.

In short, Netflix is looking to cash in.