TheStreet’s Conway Mittens brings you the biggest news of the day, including what investors are watching and another Netflix price hike.
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NewsTranscript
00:00I'm Conway Gittens reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04Earnings season is keeping a fire under the stock market
00:07with the S&P 500 now flirting with a record high.
00:10United Airlines beat sales and profit forecast
00:13and gave a robust 2025 outlook.
00:16It's filling up seats all over the plane.
00:18Procter & Gamble also beat expectations
00:20thanks to solid demand for staples like toilet paper.
00:25Keeping with the corporate theme,
00:27Netflix is boosting prices again.
00:29The ad-free standard plan is going to $17.99 a month
00:34from $15.49.
00:36That's a jump of two and a half dollars.
00:38Meanwhile, the ad-supported plan is going up by a dollar
00:41to $7.99 a month from $6.99.
00:45It's first price hike since the tear was launched.
00:47The price for the premium family plan is rising two bucks
00:51to $24.99 a month.
00:54So why are prices going up again?
00:56Netflix told investors in a fourth quarter earnings update
00:59quote, as we continue to invest in programming
01:03and deliver more value for our members,
01:05we will occasionally ask our members to pay a little more
01:09so that we can reinvest to further improve Netflix.
01:12The price hikes come amid the biggest net new subscriber gains
01:16in the company's history.
01:1818.9 million people signed up for Netflix across the globe
01:22in just the fourth quarter.
01:23That's 10 million more people than expected.
01:27Those gangbuster numbers reflect big early wins for Netflix
01:31as it spreads into live programming.
01:33The Mike Tyson-Jake Paul fight drew an average global audience
01:37of more than 100 million.
01:39The NFL Christmas Day games with Beyonce as the halftime act
01:43drew 65 million viewers.
01:45But it's not just live programming.
01:47Squid Game Season 2 is the third most watched series
01:50for Netflix globally.
01:52Having content that resonates comes with a cost,
01:55leading Netflix down the road to another price hike.
02:00That'll do it for your daily briefing
02:01from the New York Stock Exchange.
02:03I'm Conway Gittens with The Street.