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Netflix's plan for 2024 may include more price hikes following record quarter
The streaming giant shared its plans in a letter to shareholders Tuesday.
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. Reasons that a streaming and production company like Netflix might need to raise prices are inflation or higher data center costs, but these line items aren't specifically mentioned. "Scaling our ads business represents an opportunity to tap into significant new revenue and profit pools over the medium to longer term," Netflix said in the letter.
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