Current:Home > StocksNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -Quantum Capital Pro
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-16 23:21:52
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! (6275)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Off the Grid: Sally breaks down USA TODAY's daily crossword, A Sight to Behold (Freestyle)
- Lawyers told to apologize for blasting recorded screams in a Philly neighborhood
- 'Blue Bloods' Season 14 Part 2: How to watch final season, premiere date, cast
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Two SSI checks are coming in November, but none in December. You can blame the calendar.
- Trump says it would be a ‘smart thing’ if he spoke to Putin, though he won’t confirm he has
- After hurricanes, the business of rebuilding lives means navigating the insurance claims process
- The Grammy nominee you need to hear: Esperanza Spalding
- 'They didn't make it': How Ukraine war refugees fell victim to Hurricane Helene
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- ReBuild NC Has a Deficit of Over $150 Million With 1,600 People Still Displaced by Hurricanes Matthew and Florence
- So you're upside down on your car loan. You're not alone.
- San Jose State volleyball at the center of another decision on forfeiting
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- When do kids learn to read? Here's when you should be concerned.
- Prosecutors will not file criminal charges against 2 people at center of Los Angeles racism scandal
- Liam Payne's Family Honors His Brave Soul in Moving Tribute After Singer's Death
Recommendation
Tom Holland's New Venture Revealed
Opinion: No. 1 Texas football here to devour Georgia, even if Kirby Smart anointed king
DeSantis praises Milton recovery efforts as rising flood waters persist in Florida
'The Summit' Episode 3: Which player's journey in New Zealand was cut short?
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Why Diddy is facing 'apocalyptic' legal challenges amid 6 new sexual assault civil suits
As Solar Booms in the California Desert, Locals Feel ‘Overburdened’
Ex-Louisville officer who fired shots in Breonna Taylor raid readies for 3rd trial