Netflix Inc. has announced hikes in its subscription rates in the U.S. and Canada close on the heels of reporting a massive increase in the number of subscribers to the streaming platform and profit rise in the fourth quarter.
Tuesday, the streaming giant reported addition of 19 million new subscribers for its fourth quarter, its biggest-ever subscriber gain in any quarter.
With an overall 302 million subscribers across the world, the company extended its domination in the industry well ahead of its competitors.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.