Netflix’s plan for 2024 may include more price hikes following record quarter

What you need to know

  • Netflix today announced its fourth-quarter 2023 financial results, and also released a letter to shareholder. 
  • There was also a live interview with co-CEOs Ted Sarandos and Greg Peters, as well as the company’s financial leaders, streamed and posted to Netflix’s Investor Relations YouTube channel.
  • In the letter, Netflix shared its financial goals for 2024, which include price hikes.

Be prepared to pay more for Netflix in 2024 and maybe every year after that. On Tuesday, The company released its fourth-quarter financial results for 2023 and provided a letter to shareholders. Within the letter, Netflix said it plans to continue raising the prices of its plans going forward. 

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“As we invest in and improve Netflix, we’ll occasionally ask our members to pay a little extra to reflect those improvements,” the letter said. “Which in turn helps drive the positive flywheel of additional investment to further improve and grow our service.”

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