Meanwhile reddit was convinced they were going to go bankrupt the day after they killed account sharing.
this post was submitted on 19 Oct 2023
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This is the best summary I could come up with:
Netflix reported its third quarter earnings and things are going great right now for the streaming giant.
The company added nearly 9 million subscribers globally, which means that revenue is up.
Netflix hasn’t seen that kind of growth in subscribers since Q2 of 2020, also known as the quarter of strict Covid lockdowns around the world.
When it comes to revenue, Netflix reported $8.5 billion this quarter with earnings of $3.73 per share.
But subscribers aren’t going to be happy as it means that the company is going to raise its prices for some of its plans once again in three key markets.
Existing subscribers will see the price hikes on their bills in the coming weeks.
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