💨 Abstract

Netflix added 18.9 million subscribers in its holiday quarter, surpassing expectations due to popular shows and live sports events. The company plans to increase prices in the U.S., Canada, Portugal, and Argentina. Its stock surged 13%, boosting its market value by $50 billion. The service benefits from low cancellation rates and attracts new customers through live events and ad-supported options.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖