Netflix subscribers surge as the company announces price hikes in some regions Netflix (NFLX) has reported a significant increase in third-quarter subscriber figures, with nearly 9 million new subscribers. Additionally, the company has announced price hikes in the US, UK, and France, resulting in a surge in its stock during after-hours trading on Wednesday. Starting from Wednesday, Netflix has raised the prices of its Basic and Premium plans in the US to $11.99 and $22.99, respectively, up from the previous price points of $9.99 and $19.99. Meanwhile, the $6.99 ad-supported plan and the $15.49 Standard plan will remain unchanged. Netflix’s stock experienced a more than 12% surge In its quarterly release, the company emphasized the competitive nature of its starting price, noting that $6.99 per month in the US is considerably lower than the average cost of a single movie ticket. Notably, this is the first time Netflix has increased its prices since March 2022. As a result of these...