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Netflix has released its earnings figures for the fourth quarter of 2024. While a lot of the results seem like good news for the company's shareholders, like operating income of more than $10 billion and a 16 percent revenue increase, there's a sting in the tail for its viewers. Subscription prices are going up yet again, starting today.
"As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix," the company said in its shareholder letter. "To that end, we are adjusting prices today across most plans in the US, Canada, Portugal and Argentina."
Netflix later confirmed the specifics of the latest price hikes. The Standard plan with ads is inching up from $7 to $8 a month, while the ad-free version of Standard will rise from $15 to $18 a month. The monthly rates for Premium, which offers 4K Ultra HD and HDR, will increase from $23 to $25. Adding an extra member from outside your household to a streaming plan is also getting more expensive, changing from $8 a month to $9 a month.
In 2023, Netflix eliminated its Basic plan in major
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Mark Gurman at Bloomberg has released a report about Meta's next steps in hardware, crediting sources familiar with the company's work. According to these insiders, Meta is developing at least three new smart glasses models and has set a roadmap toward releasing its first true augmented reality glasses. The company is reportedly also continuing efforts to implement AI tools in a wrist wearable and in earbuds.
Meta already sells smart glasses in partnership with Ray-Ban, a product line internally called Supernova. Gurman reports that this existing lineup will be introduced to new markets, although he didn't offer specifics about where. Meta's technologies also be applied to frames from other brands owned by its partner, Luxottica Group. This will allegedly lead to the launch of glasses codenamed Supernova 2 based on the Sphaera glasses from Oakley. This set would be intended for cyclists and other athletes, and its camera would be placed in the center of the frames.
The third model is internally dubbed Hypernova. This product would be another step closer to a genuine AR experience, giving wearers the capability to run simple software apps, view notifications and display photos taken by the device. The more advanced feature set would reportedly come with a more advanced price tag; sources told Gurman this set is currently projected to cost $1,000. Insiders had already
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 Netflix is raising its prices for all plans in several countries, including the United States, Canada, Portugal, and Argentina. The cheapest Standard with ads plan will be $1 more expensive in the U.S., going from $6.99 to $7.99 per month.
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