Current:Home > NewsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -Wealth Evolution Experts
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-11 19:44:21
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! (6)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Tribal flags celebrated at South Dakota Capitol, but one leader sees more still to do
- Best TD celebrations of 2023 NFL season: Dolphins' roller coaster, DK Metcalf's sign language
- Houston Texans owner is fighting son’s claims that she’s incapacitated and needs guardian
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- A North Dakota lawmaker is removed from a committee after insulting police in a DUI stop
- Tonight's Republican debate in Iowa will only include Nikki Haley and Ron DeSantis. Here's what to know.
- Former Delaware officer asks court to reverse convictions for lying to investigators after shooting
- Questlove charts 50 years of SNL musical hits (and misses)
- Ashley Judd recalls final moments with late mother Naomi: 'I'm so glad I was there'
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Kaley Cuoco Says She Wanted to Strangle a Woman After Being Mom-Shamed
- Man dies after he was found unresponsive in cell at problem-plagued jail in Atlanta
- Aaron Rodgers Will No Longer Appear on The Pat McAfee Show After Jimmy Kimmel Controversy
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Bears fire OC Luke Getsy, four more assistant coaches in offensive overhaul
- Horoscopes Today, January 10, 2024
- Securities and Exchange Commission's X account compromised, sends fake post on Bitcoin ETF
Recommendation
Small twin
Regulators are set to decide whether to OK a new bitcoin fund. Here’s what investors need to know
Jennifer Lopez is sexy and self-deprecating as a bride in new 'Can’t Get Enough' video
NASA delays Artemis II and III missions that would send humans to the moon by one year
Military service academies see drop in reported sexual assaults after alarming surge
Massachusetts House passes bill aimed at outlawing “revenge porn; Nearly all states have such bans
The Best Workout Sets for Gym Girlies, Hot Girl Walks and More in 2024
Florida welcomes students fleeing campus antisemitism, with little evidence that there’s demand