Netflix Earning boosts its shares up as it is raising prices

 The company that have popular binge-watching added recently to charge its new customer about $1 to $3 per month for more of its online video facility and it will start later in this quarter soon. Netflix Inc. is also verified a report that in first quarterly profit there is a subscriber growth that will beat analyst projection and added to this the shares climbed on a new height.

The prices of the shares show the growth and confidence on the original show like House of Card and also the exclusive movies will continue to gain new subscriber, even that the soccer world cup is starting in mid-June that will be a distinction for the company and  it will  temporary low user.growth. Netflix currently offering, unlimited web browsing in just about $8 per month.

The leverage earning on even just a one dollar is pretty fine added by Daniel earnst-an analyst at Hudson square research,New York who suggested buying its stocks for investing point of view. “Its incredible value  will be added advantage for the Netflix customers”.

Netflix Stocks grew 6.5 % to $371 in the expanding trade announcement .Its investment has gained 0.8% to $348 at the close in New York and withdrawn about 20% from its close high of $454 on 4 march. Netflix have now gained around 48 Million streaming facility worldwide. The company also forecasts that it will gain more new subscriber this quarter which include around 520,000 in United States.

Current customers might not effect by changed price for at least one or two year said Chief Executive Officer Reed Hasting on webcast. It means all of the fans of women prison series i.e. Orange is the new black will not face higher prices when this show will return in June. When the FIFA World Cup starts in June at Brazil, it will slight headwinds forecasted by the Los Gatos, a California based company.

Netflix is the world’s largest online-subscription service provider which splits the DVD through mail business from the steaming which ultimately increased the prices by 60% of the people that prefer to buy both. Adding $2 to the recent price amounts up to 25% increase.

Netflix added 2.25Million new domestic subscriber that streaming during the quarter in line.with.the.company January predicted and carrying the USA’s total up to 35.7Million.