Netflix cuts prices in some countries to boost subscriptions, shares drop

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Netflix (NFLX) price cuts should boost subscriber growth- BofA

February 24, 2023 11:35 AM EST

BofA's Jessica Reif Ehrlich told investors in a note Friday that Netflix (NASDAQ: NFLX) price cuts in certain territories position the company for subscriber growth over the next several years.

Netflix confirmed it is reducing prices across various international markets, with reports indicating the reductions will be... More