Current:Home > MarketsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -SovereignWealth
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-17 01:07:02
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! (54)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Apalachee High School suspect kept gun in backpack, hid in bathroom, officials say
- Gulf Coast residents still reeling from Hurricane Ida clean up mess left by Francine
- 2024 MTV VMAs: Britney Spears' Thoughts Will Make You Scream & Shout
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Proposals to Build California’s First Carbon Storage Facilities Face a Key Test
- Colorado mayor, police respond to Trump's claims that Venezuelan gang is 'taking over'
- Explosion at an Idaho gas station leaves two critically injured and others presumed dead
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Arkansas county jail and health provider agree to $6 million settlement over detainee’s 2021 death
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Principal indicted, accused of not reporting alleged child abuse by Atlantic City mayor
- Britney Spears praises Sabrina Carpenter after VMAs homage: 'She made me cool'
- Idaho high court says trial for man charged with killing 4 university students will be held in Boise
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Pilots of an Alaska Airlines jet braked to avoid a possible collision with a Southwest plane
- Tagovailoa diagnosed with concussion after hitting his head on the turf, leaves Dolphins-Bills game
- South Carolina justices refuse to stop state’s first execution in 13 years
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Indiana Supreme Court sets date for first state execution in 13 years
Boat sinks during search for missing diver in Lake Michigan
2024 Emmy Awards predictions: Our picks for who will (and who should) win
Trump's 'stop
Principal indicted, accused of not reporting alleged child abuse by Atlantic City mayor
Ex-Massachusetts lawmaker convicted of scamming pandemic unemployment funds
Loose electrical cable found on ship that caused Baltimore bridge collapse