Current:Home > InvestNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -GrowthSphere Strategies
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-14 16:30:54
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 $7.99 monthly).
Netflix adds 8 million new subscribers
Total number of subscribers grew to more than 277.6 million, an increase of 16.5%, the company said. Netflix forecast lower subscriber additions in the current quarter (July-Sept.) than in the same period last year, when the streaming company added more than 8.7 million.
Back in April, the company announced it planned to stop reporting membership numbers in 2025.
In after-hours trading, Netflix shares initially dipped 2%.
Netflix will begin the launch of monthly video game releases including one based on "Emily in Paris," later this month. Coming later this year, a multiplayer game based on "Squid Game."
Follow Mike Snider on X and Threads: @mikesnider & mikegsnider.
What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
veryGood! (58221)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- How RZA Really Feels About Rihanna and A$AP Rocky Naming Their Son After Him
- What Is Permitting Reform? Here’s a Primer on the Drive to Fast Track Energy Projects—Both Clean and Fossil Fuel
- Organize Your Closet With These 14 Top-Rated Prime Day Deals Under $25
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Barbie has biggest opening day of 2023, Oppenheimer not far behind
- At the UN Water Conference, Running to Keep Up with an Ambitious 2030 Goal for Universal Water Rights
- Q&A: Cancer Alley Is Real, And Louisiana Officials Helped Create It, Researchers Find
- What to watch: O Jolie night
- Make Traveling Less Stressful With These 15 Amazon Prime Day 2023 Deals
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Biden administration unveils new U.S. Cyber Trust Mark consumer label for smart home devices
- Kourtney Kardashian Proves Pregnant Life Is Fantastic in Barbie Pink Bump-Baring Look
- Musk reveals Twitter ad revenue is down 50% as social media competition mounts
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Q&A: California Drilling Setback Law Suspended by Oil Industry Ballot Maneuver. The Law’s Author Won’t Back Down
- Elon Musk launches new AI company, called xAI, with Google and OpenAI researchers
- As the Climate Changes, Climate Fiction Is Changing With It
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
At CERAWeek, Big Oil Executives Call for ‘Energy Security’ and Longevity for Fossil Fuels
In Louisiana, Climate Change Threatens the Preservation of History
Texas Oilfield Waste Company Contributed $53,750 to Regulators Overseeing a Controversial Permit Application
The Super Bowl could end in a 'three
Viasat reveals problems unfurling huge antenna on powerful new broadband satellite
Meghan King Reveals Wedding Gift President Joe Biden Gave Her and Ex Cuffe Biden Owens
How RZA Really Feels About Rihanna and A$AP Rocky Naming Their Son After Him
Like
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Indoor Pollutant Concentrations Are Significantly Lower in Homes Without a Gas Stove, Nonprofit Finds
- The ‘Environmental Injustice of Beauty’: The Role That Pressure to Conform Plays In Use of Harmful Hair, Skin Products Among Women of Color