Netflix stock jumps 10% as it boasts ad-tier growth

Sopa Images | Lightrocket | Getty Images

Netflix saw its stock rise nearly 10% on Thursday after the streaming service unveiled details about its new ad-supported tier this week.

The streaming service said it had 5 million monthly active users for its cheaper, ad-supported option and that 25% of its new subscribers were signing up for the newest tier.

The update came at Netflix’s inaugural pitch to advertisers on Wednesday, the first time Netflix took part in the industry’s so-called Upfront presentations.

Netflix launched the ad-based option in late 2022, following quarters of stagnating subscriber growth, which sent its stock tumbling.

This story is developing. Please check back for updates.

Source

Business

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 18, 2025

NikeSKIMS, a new brand from NIKE Inc. and SKIMS. Courtesy: NikeSKIMS Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a […]

Business

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury

June 18, 2025

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Secretary of Education Linda McMahon attend a Make America Healthy Again (MAHA) Commission event, in the East Room of the White House in Washington, D.C., U.S., May 22, 2025. Evelyn Hockstein | Reuters A key, revamped government panel of vaccine advisors appointed by […]

Business

Stellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan

June 18, 2025

Dodge Ram display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Ram Trucks plans to introduce an industry-leading warranty across its 2026 vehicle lineup this year as part of an 18-month turnaround plan for the Stellantis-owned brand. The warranty covers the engine, transmission, transfer […]