Netflix announced earlierIts fourth quarter financial results for fiscal year 2024, of which revenue reached US$102 billion, an increase of 4700% over the same period last year, revenue reached US$16 billion, and net profit reached US$22 billion. At the same time, the number of global paying members increased to 7300 million, an increase of 18% over the same period last year.
At the same time, Netflix said it will invest more in original content, but also revealed that it will adjust billing prices in countries and regions including the United States, Canada, Portugal and Argentina.
In the re-adjustment of the billing plan, the standard plan with ads will increase from $7 to $8 per month, while the ad-free plan will increase from $15 to $18 per month. The Premium plan, which provides 4K quality and HDR image performance, will increase from $23 to $25 per month. In addition, the price of adding additional family members to the subscription plan will also increase from $8 to $9 per month.
Netflix said that the number of service subscribers has increased by 4100 million in the past year, and the total viewing time of monthly paying users has increased to more than 2 hours. It has become the largest streaming video service in the markets other than Russia and China, and has maintained a viewing rate of more than 10%, which means that its streaming video service continues to expand in the global market, and it continues to invest in more content to attract more users to join.
In addition, Netflix also revealed that it will provide suitable content products for different national and regional markets, and will continue to improve its subscription strategies in various regions and strengthen the layout of live program content.
