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Continued: Netflix to raise monthly prices for new subscribers by $1 or $2 to buy more shows, movies

  • Article by: MICHAEL LIEDTKE , Associated Press
  • Last update: April 22, 2014 - 11:17 AM

Even with "Orange Is The New Black," Netflix is only expecting to attract 511,000 U.S. subscribers from April through June before prices rise for new customers. That would be down from an increase of 630,000 U.S. subscribers at the same time last year.

Netflix Inc. earned $53 million, or 86 cents per share, during the first three months of the year. That compared to $2.7 million, or 5 cents, last year. The latest quarterly earnings exceeded the average estimate of 81 cents per share among analysts surveyed by FactSet.

Revenue rose 24 percent from last year to $1.3 billion to match analyst projections.

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  • Netflix reported another surge in subscribers during the first quarter and said it would raise prices for new customers.

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