Netflix’s latest earnings are convincing analysts that the streaming company can make more money from its members. A crackdown on password sharing is paying off already but the advertising business could offer additional opportunities.
KeyBanc analyst Justin Patterson wrote in a note that he believes Netflix is a rare asset that can offer investors growth across a range of economic environments. Monthly rates on two of the company’s U.S. plans are going up by 15% to 20% and it is also raising prices in the U.K. and France. Netflix froze the price of its U.S. ad-supported tier, where it looks to be prioritizing building its user base.
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