Online streaming service Netflix will raise prices across a number of countries after adding nearly 19 million subscribers in the final months of 2024.

The streaming firm said it will increase subscription costs in the US, Canada, Argentina and Portugal, so that it can re-invest to further improve Netflix,” it said.

Netflix announced increased subscriber numbers, helped by the second series of South Korean drama Squid Game as well as sports including a boxing match between influencer-turned-fighter Jake Paul and former world heavyweight champion Mike Tyson.

In the US, prices will increase across almost all plans including the standard subscription with no adverts which will now cost $17.99 (£14.60) a month, up from $15.49.

Its membership with adverts will also rise, by one dollar to $7.99.

The last time Netflix raised prices in the US was October 2023, when it also lifted costs for some plans in the UK.

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