Netflix's forecast in focus as streaming pioneer set to launch ad-supported tier

By Eva Mathews and Savyata Mishra

Technology
Tuesday, 18 Oct 2022
7:28 AM MYT

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FILE PHOTO: Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo

(Reuters) - Netflix Inc's subscriber growth forecast will be in focus when it reports third-quarter results on Tuesday, with the streaming pioneer set to launch an ad-supported plan to better compete with rivals such as Disney+ and HBO Max.

Last week, Netflix said it would launch the plan in November at $6.99 a month, much before its previous estimate of early 2023 and Disney+'s December rollout.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

~~RM13.90/month~~
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

~~RM12.33/month~~
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

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STARPICKS

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
PUC	0.025	0.030	0.020	0.020	0.000	0.00	1,047,000
HSI-CWGB	0.110	0.130	0.110	0.130	0.015	13.04	758,668
HSI-PWHC	0.205	0.205	0.175	0.175	-0.030	-14.63	694,438
TANCO	0.955	0.965	0.940	0.940	-0.015	-1.57	655,096
MRDIY	1.630	1.650	1.590	1.630	-0.010	-0.61	576,892
HSI-PWFZ	0.240	0.240	0.200	0.200	-0.030	-13.04	570,317
YTL	2.160	2.160	2.120	2.120	-0.040	-1.85	496,824
HSI-CWEY	0.145	0.165	0.145	0.160	0.015	10.34	490,076
MYEG	0.905	0.920	0.905	0.905	0.000	0.00	477,094
HSI-CWC6	0.045	0.055	0.040	0.055	0.005	10.00	423,025
PBBANK	4.190	4.250	4.190	4.210	0.020	0.48	401,099
BJCORP	0.270	0.275	0.260	0.270	0.000	0.00	345,425
KPJ	2.660	2.660	2.560	2.580	-0.090	-3.37	341,552
HSI-PWHB	0.070	0.070	0.060	0.060	-0.015	-20.00	306,177
ASTRO	0.175	0.175	0.160	0.160	-0.015	-8.57	285,462

Netflix's forecast in focus as streaming pioneer set to launch ad-supported tier