Netflix subscriber numbers grew nearly 11 per cent to 247 million in the recently ended third quarter as it cracked down on password sharing and refined an ad-supported tier., the company said Wednesday.
The leading streaming service said it is increasing the price of its basic plan in the United States to $11.99 US monthly and its premium plan to $22.99 US, with similar price "adjustments" set for Britain and France.
"While we mostly paused price increases as we rolled out paid sharing... as we deliver more value to our members, we occasionally ask them to pay a bit more," Netflix said in the letter to shareholders.
Netflix shares leapt more than 12 per cent to $43.31 US in after-market trades on the Nasdaq exchange.
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