3 Reasons Netflix Is Raising Prices Now

Netflix (NASDAQ: NFLX) is raising prices for subscribers in the United States and Canada. Binge watchers will see their monthly payments increase by about 11% across the board for all three subscription tiers, beginning with the next billing statement.

Netflix's last price increase came in October of 2020 amid surging subscription rates, but that was a relatively small bump, compared to previous price hikes. The start of 2022 may be the best opportunity for Netflix to raise prices again and boost revenue for subscribers. Here are three reasons why. 

Image source: Netflix.

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Source Fool.com