Netflix remains supported as users on ad-tier plan swell
Netflix (NFLX.us) has surpassed 23 million global active users on its ad-based plan. This is a sharp increase from November when the company said it had 15 million active users on its less expensive plan. More information will be available on 23 January when the company releases its Q4 earnings.
The number of subscribers has continued to grow despite NFLX.us cracking down on password sharing in May 2023. Initially there were concerns that subscribers would drop due to a tough economic environment, but the opposite has happened. In October, the company reported that it has added 8.8 million subscribers for Q3, which was higher than anticipated.
Technically the company remains supported. Its green 5-week EMA is above its orange 10-week EMA and its momentum-based RSI is on the bullish side of 50 (green rectangle):
Source: www.tradingview.com
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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