There could be more Netflix price hikes in the near future, as the streaming giant has shared plans to monetize the platform further.
What Happened: Netflix Inc.'s (NASDAQ:NFLX) plans to further hike prices might excite investors while existing subscribers have more bad news to deal with after a price hike in October.
The dreaded guidance for potential price hikes was buried in Netflix's letter to shareholders after the fourth quarter results.
"As we invest in and improve Netflix, we'll occasionally ask our members to pay a little extra to reflect those improvements, which in turn helps drive the positive flywheel of additional investment to further improve and grow our service."
Netflix beat the Street’s expectations, reporting a fourth-quarter revenue of $8.83 billion, ahead of the ...