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Netflix has over 75 million users, with a price increase on the way

Can you believe Netflix has over 75 million subscribers?!

@anthony256
Published Wed, Jan 20 2016 4:12 AM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Netflix experienced a stellar Q4 2015, reporting a huge $1.82 billion in revenue, and profits of only $43 million. This had share prices rising 7% in after-hours trading.

Netflix has over 75 million users, with a price increase on the way | TweakTown.com

But, the streaming giant announced it now has over 75 million subscribers, with 45 million of those in the United States. Netflix noticed record growth in international markets for the three-month period, with 5.59 million new subscribers to Netflix, with 4.04 million of those outside of the United States, compared to 1.56 million new US-based subscribers.

The company will be increasing the price of its packages by $1 or $2 for existing users, with the new updating pricing already applied for new users as of late last year. Soon, Netflix will remove the grandfathered pricing, forcing everyone to pay $7.99 per month for non-HD streaming, $9.99 per month for HD streaming and 4K streaming will cost $11.99 per month. The company isn't just going to be holding all of that money in their pockets, as they have recently expressed they're spending $6 billion throughout 2016 on 600 hours of original content, as well as new TV series and movies that will be constantly added to Netflix.

NEWS SOURCE:techspot.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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