The company said those results were buoyed by programming in recent months that exceeded internal expectations.

Netflix is raising prices, a disclosure made in its fourth-quarter earnings report, which showed live events driving its biggest subscriber gain in history. Why it matters: The streaming giant bet big on its first two NFL games and a boxing match between Mike Tyson and Jake Paul in the fourth quarter — plus a new season of the scripted show "Squid Game.

Netflix just had one of its best quarters ever, adding nearly 19 million subscribers to surpass 300 million subscribers for the first time. So of course, it's raising prices. The ad-tier for Netflix will now cost $7.