Current:Home > ScamsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -Wealth Impact Academy
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-27 17:58:44
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! (447)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Wisconsin judge refuses GOP request to pause absentee voting ruling sought by disabled people
- As a historic prisoner exchange unfolds, a look back at other famous East-West swaps
- Wildfires encroach on homes near Denver as heat hinders fight
- Former Syrian official arrested in California who oversaw prison charged with torture
- Former Michigan State football coach Mel Tucker sues university over his firing
- AI might take your next Taco Bell drive-thru order as artificial intelligence expands
- Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
- Buckingham Palace staff under investigation for 'bar brawl'
- 14-month-old boy rescued after falling down narrow pipe in the yard of his Kansas home
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Browns RB D'Onta Foreman sent to hospital by helicopter after training camp hit
- Powerball winning numbers for July 31 drawing: Jackpot at $171 million
- Teen Mom’s Maci Bookout Supports Ex Ryan Edwards’ Girlfriend Amid Sobriety Journey
- Skins Game to make return to Thanksgiving week with a modern look
- AI might take your next Taco Bell drive-thru order as artificial intelligence expands
- USA women’s 3x3 basketball team loses third straight game in pool play
- Simone Biles edges Brazil’s Rebeca Andrade for her second Olympic all-around gymnastics title
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Gabby Thomas was a late bloomer. Now, she's favored to win gold in 200m sprint at Olympics
Behind the lines of red-hot wildfires, volunteers save animals with a warm heart and a cool head
Proposed rule would ban airlines from charging parents to sit with their children
Louvre will undergo expansion and restoration project, Macron says
How to watch Lollapalooza: Megan Thee Stallion, Kesha scheduled on livestream Thursday
Police unions often defend their own. But not after the Sonya Massey shooting.
2024 Olympics: Serena Williams' Husband Alexis Ohanian, Flavor Flav Pay Athlete Veronica Fraley’s Rent