Now price at 389 dollar/share from its close price at 346.19 dollars.
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Netflix (NFLX) reported a surge in third quarter subscriber numbers of nearly 9 million and announced it will be raising prices in the US, UK, and France, sending its stock higher in after-hours trading Wednesday.
Beginning Wednesday, Netflix said its Basic and Premium plans will now cost $11.99 and $22.99, respectively, in the US. That's up from the prior $9.99 and $19.99 price points. Netflix’s $6.99 ad-supported plan and $15.49 Standard plan will stay the same price.
"Our starting price is extremely competitive with other streamers and at $6.99 per month in the US, for example, it’s much less than the average price of a single movie ticket," the company said in its quarterly release.