Current:Home > ContactNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -ProfitSphere Academy
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-14 03:06:05
Netflix is phasing out its lowest-priced ad-free subscription plan in the U.S., which could drive more viewers to its cheaper ad-supported plan.
The Los Gatos, California-headquartered streaming giant said Thursday in a letter to shareholders that it would be phasing out the basic ad-free plan – which had cost $11.99 monthly – in the U.S. and France. The company had previously dropped the basic plan in the U.K. and Canada.
The basic plan is not displayed as an option for U.S. subscribers on its Plan and Pricing page for U.S. customers. The company quit offering the basic plan for new subscribers in July 2023, but allowed basic plan customers to remain on the subscription so long as they didn't cancel or change plans.
Other Netflix plans include a $6.99 monthly option with ads, a $15.49 monthly standard HD video quality plan (no ads) and a $22.99 premium Ultra HD plan (no ads).
Netflix, which began offering a "standard with ads" tier in November 2022, said the plan's "attractiveness" led to a 34% increase in ad-supported subscriptions from the prior quarter. The company reported a record 277.65 million subscribers across all tiers in the second quarter, up 16.5% year-over-year.
Netflix subscribers in the U.S. and in France who are currently on the Basic plan will have to choose a new plan, the company said in a statement to USA TODAY. Those members impacted will get an email starting today, the company said.
Even without the basic, ad-free offering, Netflix represents "a very strong offering for our members," when you consider the $6.99 monthly ad-supported option, said co-CEO Greg Peters, during a videoconference about the company's second quarter performance Thursday.
"Essentially, we're providing them a better experience: two streams versus one. We've got higher definition. We got downloads. And, of course, all at a lower price," he said. "And for members who don't want that ads experience, they, of course, can choose our ad-free Standard or Premium plans."
The company reported its third consecutive quarter of double-digit revenue growth, with $9.56 billion in revenue in the second quarter of 2024, up 16.8% over the same quarter in 2023.
Netflix added more than 8 million subscribers in the second quarter, benefiting from the return of series such as "Bridgerton," and "Baby Reindeer" and the live event "The Roast of Tom Brady," as well as a password-sharing crackdown.
What Netflix plans are there?
- Standard with ads ($6.99 monthly): Watch in Full HD on 2 supported devices at a time and download on 2 supported devices at a time
- Standard plan ($15.49 monthly): Watch in Full HD and download videos on 2 supported devices at a time (option to add 1 extra member who doesn't live with you for $7.99 monthly).
- Premium plan ($22.99 monthly): Watch in Ultra HD (4K) quality on 4 supported devices at a time and download on 6 supported devices simultaneously; Option to add up to 2 extra members who don't live with you for $7.99 monthly).
Netflix adds 8 million new subscribers
Total number of subscribers grew to more than 277.6 million, an increase of 16.5%, the company said. Netflix forecast lower subscriber additions in the current quarter (July-Sept.) than in the same period last year, when the streaming company added more than 8.7 million.
Back in April, the company announced it planned to stop reporting membership numbers in 2025.
In after-hours trading, Netflix shares initially dipped 2%.
Netflix will begin the launch of monthly video game releases including one based on "Emily in Paris," later this month. Coming later this year, a multiplayer game based on "Squid Game."
Follow Mike Snider on X and Threads: @mikesnider & mikegsnider.
What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
veryGood! (4515)
Related
- South Korean president's party divided over defiant martial law speech
- Alabama park system acquires beach property in Fort Morgam
- Rate cuts on horizon: Jerome Powell says 'time has come' to lower interest rates
- Takeaways from AP’s report on federal policies shielding information about potential dam failures
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Federal lawsuit challenges mask ban in suburban New York county, claims law is discriminatory
- Daniel Suarez's car catches fire during NASCAR Cup Series race at Daytona
- A rare but deadly mosquito virus infection has Massachusetts towns urging vigilance
- Senate begins final push to expand Social Security benefits for millions of people
- Judge Mathis' wife Linda files for divorce from reality TV judge after 39 years together
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Search underway for Arizona woman swept away in Grand Canyon flash flood
- Kelly Osbourne Sends Warning Message After Boyfriend Sid Wilson Is Hospitalized With Burn Injuries
- Murderer's Ex-Wife Breaks Cold Case Wide Open After 35 Years in Girl on the Milk Carton Preview
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- NFL suspends Rams' Alaric Jackson, Cardinals' Zay Jones for violating conduct policy
- North Carolina court says speedway can sue top health official over COVID-19 closure
- Virginia man arrested on suspicion of 'concealment of dead body' weeks after wife vanishes
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
LMPD officer at the scene of Scottie Scheffler's arrest charged with theft, misconduct
Jordan Montgomery slams Boras' negotiations: 'Kind of butchered it'
Pickle pizza and deep-fried Twinkies: See the best state fair foods around the US
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Federal appeals court upholds Maryland’s handgun licensing requirements
Judge blocks 24-hour waiting period for abortions in Ohio, citing 2023 reproductive rights amendment
What Each Zodiac Sign Needs for Virgo Season, According to Your Horoscope