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It Turns Out Netflix Was Right to Raise Prices

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Over the last three months, Netflix has added millions of subscribers, and earned billions of dollars in revenue. This strongly suggests that its decision to raise prices for existing subscribers hasn’t harmed the company in the slightest. Netflix has revealed its financials for Q3 2016. They show that Netflix gained 3.6 million new subscribers and took in $ 2.2 billion in revenues during that time period. Unsurprisingly, given how positive these results were, Netflix’s stock has shot up by 20 percent in after-hours trading. In terms of subscriber numbers, those 3.6 million mostly came from new markets. In January 2016, Netflix…

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