Current:Home > ScamsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -TrueNorth Capital Hub
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-14 00:18:26
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! (767)
Related
- The Daily Money: Spending more on holiday travel?
- 'Only Murders in the Building' Season 4: Release date, time, cast, where to watch mystery comedy
- Bristol Palin Says Dancing With the Stars’ Maksim Chmerkovskiy Hated Her During Competition
- Man charged in Arkansas grocery store shooting sued by woman who was injured in the attack
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Watch as curious black bear paws at California teen's leg in close encounter
- Michigan golf club repays pandemic loan after lawsuit challenges eligibility
- Starliner astronauts won’t return until 2025: The NASA, Boeing mission explained
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Clemson football coach Dabo Swinney won't take live calls on weekly radio show
Ranking
- B.A. Parker is learning the banjo
- Chiefs bringing JuJu Smith-Schuster back to loaded WR room – but why?
- Rent remains a pain point for small businesses even as overall inflation cools off
- Florida says execution shouldn’t be stayed for Parkinson’s symptoms
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Pacific Islands Climate Risk Growing as Sea Level Rise Accelerates
- Children's Author Kouri Richins to Stand Trial Over Husband Eric Richins' Murder Case
- Teen Mom’s Kailyn Lowry Shares Heartbreaking Way She Lost Her Virginity at Age 14
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Taylor Swift's childhood vacation spot opens museum exhibit with family photos
Olive Garden's Never Ending Pasta Bowl promotion is back: Here's how long it's available
When is the NFL's roster cut deadline? Date, time
Former longtime South Carolina congressman John Spratt dies at 82
Alabama man shot by police during domestic violence call
Best Wayfair Labor Day Deals 2024 Worth Buying: Save 50% off Kitchen Essentials, 70% off Furniture & More
Olympics Commentator Laurie Hernandez Shares Update on Jordan Chiles After Medal Controversy