Netflix is raising its prices once again, reports say

(Gray News) - Netflix is raising its prices... again.

According to the latest earnings reports, the company announced that they are adjusting prices after reporting its biggest-ever subscriber jump.

The standard monthly plan without ads will increase from $15.49 to $17.99, and the ad-supported plan will increase from $6.99 to $7.99 per month.

Additionally, Netflix’s highest-priced premium tier is also increasing from $22.99 to $24.99 per month.

Netflix attributed most of the success to the Mike Tyson-Jake Paul boxing match in November, which drew 108 million global viewers, making it the most-streamed sporting event ever.

The Christmas Day NFL games also drew in nearly 30 million global viewers, making them the most-streamed football games in history, Variety reported.

Netflix doesn’t specify when the price hike goes into effect, but said the company will start emailing members about when the changes are made.