Netflix Price Hike Likely Imminent, According to Analysts

Netflix Price Hike Likely Imminent, According to Analysts
Netflix subscription prices are widely expected to increase soon in North America and Europe. Indeed, that seems to be the direction things are heading with paradoxical pandemic era problems in which viewership is through the roof, and company shares are rising.

Alex Giaimo an analyst of Wall Street investment company Jefferies Group, offers an interesting take regarding the belief shared among peers of an increase to the subscription price of Netflix (Nflx), given the variables set in the Bizarro year of 2020, as reported via Deadline. Such an occurrence would represent the fourth price hike for U.S. Netflix customers in the last ten years. Pointing out how such a move would be a dramatic flip-flop from the company’s Q1 earnings call back in April, Giaimo explains in a note to clients:

“After a change in language regarding pricing on the (second-quarter) call, we believe a potential hike is probable in the near to midterm.
See full article at Den of Geek »

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