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Netflix to raise prices as new subscribers soar

Squid Game and live sports, including the Jake Paul v Mike Tyson fight, fuelled new memberships.

Netflix announced better-than-expected subscriber numbers, helped by the second series of South Korean drama Squid Game as well as sports including the boxing match between influencer-turned-fighter Jake Paul and former world heavyweight champion Mike Tyson. It is the last time that Netflix will report quarterly subscriber growth - from now on it said it will "continue to announce paid memberships as we cross key milestones". Paolo Pescatore, a technology analyst at PP Foresight, said Netflix "is now flexing its muscles by adjusting prices given its far stronger and diversified programming slate compared to rivals".

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