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The Verge

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Image Credit: The Verge

Netflix revenue rises to $10.5 billion following price hike

  • Netflix's revenue reached $10.5 billion following a price hike, a 13% increase from the previous year.
  • The company's net income grew to $2.9 billion, and it expects continued growth in membership and advertising revenue.
  • Netflix raised prices in January, with its premium plan now priced at $24.99 per month.
  • The company didn't disclose subscriber numbers but reported having 300 million global subscribers in January.

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