Reported about 1 month ago
Despite Netflix's positive third quarter results, analyst Jason Bazinet from Citi expresses skepticism about the streaming giant's ability to increase prices due to stagnant engagement levels. While competitors like Disney+ and Warner Bros. Max have raised prices, Bazinet argues that Netflix can only do the same if their content drives significant engagement growth, which they currently lack. He notes that consumer preference for the low-cost ad-tier suggests that price increases may not be feasible at this time.
Source: YAHOO