stock soared 12% on Wednesday, adding more than $25 billion to the video-streaming service's market capitalization, after a survey indicated it will retain a chunk of the subscribers it added during lockdown.
In comparison, only 28% of those surveyed said they would continue to use Amazon Prime Video, 19% committed to cable TV, 17% said Disney Plus, and 7% said HBO Max. Moreover, a separate Piper Sandler survey of 600 people found the majority of Netflix subscribers are willing to pay an average of $2.20 more per month for the service.
The surveys suggest Netflix will hang on to a significant numbers of the users it gained during the pandemic, and can push through price increases without sparking a subscriber exodus., dwarfing the 2.7 million it added in the second quarter of 2019. However, it only expects to add 2.5 million subscribers this quarter, as the pandemic may have led to some people signing up earlier in the year than they otherwise would have.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Good for them...They rightfully deliver what they claim to in value terms to their customers...🙌
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Odds of Biden presidency rising according to stock market signal, LPL says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LOL Actually his odds keep dropping. The stock market can't predict the future. 🤷♀️
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market record highs despite bad economy actually makes sense - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. RenMacLLC Really. RenMacLLC 'More recently, since the pandemic ended, ' You meant 'since the pandemic began,' I assume?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks from hedge funds beating the market this year: Goldman - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They look as cheesy and sleazy as kimguilfoyle
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook could be the next $1 trillion company. Here's howAs Facebook hits record highs, one market watcher suggests it could the next stock to join the $1 trillion market cap club.
Source: CNBC - 🏆 12. / 72 Read more »