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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.