"Netflix Raises Prices Amid Password Crackdown and Surging Subscriptions"

Netflix has reported strong subscriber gains, surpassing analyst projections, as its crackdown on password sharing converts freeloaders into paying customers. To further increase revenue, Netflix is raising the price of its premium streaming service by $2 to $23 per month in the U.S., as well as increasing prices for subscribers in the U.K. and France. The company added nearly 8.8 million worldwide subscribers in the July-September period, bringing its total to about 247 million. Netflix's financial performance exceeded expectations, with earnings of $1.68 billion and revenue of $8.54 billion. The stock price rose over 12% in extended trading. The success of the password-sharing crackdown may allow Netflix to focus on other revenue-generating options, such as its low-priced ad-supported plan.