Netflix Price Hikes Cloud Outlook, as Rivals Look to Pounce

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Netflix Price Hikes Cloud Outlook, as Rivals Look to PounceThe streaming service is grappling with that question once again after raising prices in some of its largest territories over the past month. Netflix Inc. predicted it would add just 5 million new customers in the current quarter, well short of Wall Street forecasts for 6.09 million -- a slowdown the company blamed in part on its pricier offerings. “Netflix is balancing subscriber additions with a shift toward profitability,” Geetha Ranganathan, an analyst with Bloomberg Intelligence, said in a report.


Read More: https://finance.yahoo.com/news/netflix-slips-subscriber-forecast-falls-202124338.html

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