Current:Home > MyNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -MoneyMatrix
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-24 17:03:18
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! (254)
Related
- Meet first time Grammy nominee Charley Crockett
- Man who tried to hire hit man to kill is wife gets 10 years in prison, prosecutors say
- The best TV in early 2023: From more Star Trek to a surprising Harrison Ford
- David Sedaris reads from 'Santaland Diaries,' a Christmastime classic
- The Daily Money: Spending more on holiday travel?
- Ammon Bundy ordered to pay $50 million. But will the hospital ever see the money?
- Hugh Carter Jr., the cousin who helped organize Jimmy Carter’s ‘Peanut Brigade,’ has died
- Banned Books: Author Susan Kuklin on telling stories that inform understanding
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Here are nine NYC shows we can't wait to see this spring
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- UPS reaches tentative contract with 340,000 unionized workers, potentially dodging calamitous strike
- NFL Star Matthew Stafford's Wife Kelly Slams Click Bait Reports Claiming She Has Cancer
- Mega Millions jackpot is the 8th largest in the US at $820 million
- Buckingham Palace staff under investigation for 'bar brawl'
- A year with the 988 Suicide and Crisis Lifeline: What worked? What challenges lie ahead?
- Phoenix could get a mild break from the extreme heat, as record spell nears the 30-day mark
- Snoop Dogg brings his NFT into real life with new ice cream line available in select Walmart stores
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Germany returns looted artifacts to Nigeria to rectify a 'dark colonial history'
Athletic trainers save lives. But an alarming number of high schools don't employ them
STOMP closes after 29-year New York run
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Arizona firefighter arrested on arson charges after fires at cemetery, gas station, old homes
Endangered monk seal pup found dead in Hawaii was likely caused by dog attack, officials say
Former Georgia linebacker Adam Anderson receives one-year sentence for sexual battery