Current:Home > reviewsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -Infinite Edge Capital
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-15 09:11:38
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! (9)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Maren Morris Reveals Why She Didn’t Attend the 2024 CMT Music Awards
- 'A cosmic masterpiece': Why spectacular sights of solar eclipses never fail to dazzle
- 2044 solar eclipse path: See where in US totality hits in next eclipse
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- 2 dead after car crash with a Washington State Patrol trooper, authorities say
- California doctor travels to Gaza to treat children injured in Israel-Hamas war
- Defending champ UConn returns to NCAA title game, beating Alabama 86-72
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Morgan Wallen Arrested After Allegedly Throwing Chair From Rooftop Bar in Nashville
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Is AI racially biased? Study finds chatbots treat Black-sounding names differently
- Why do total solar eclipses happen? Learn what will cause today's celestial show.
- Elon Musk will be investigated over fake news and obstruction in Brazil after a Supreme Court order
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- A child is dead and 2 adults are hospitalized in a car crash with a semitruck in Idaho, police say
- Morgan Wallen has been arrested after police say he threw a chair off of the roof of a 6-story bar
- California doctor travels to Gaza to treat children injured in Israel-Hamas war
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Little Big Town Reveals Taylor Swift’s Surprising Backstage Activity
Latino voters are coveted by both major parties. They also are a target for election misinformation
Drake Bell Reacts to Boy Meets World Actor Will Friedle's Past Support of Brian Peck
2025 'Doomsday Clock': This is how close we are to self
Cole Brings Plenty, 1923 actor, found dead in Kansas days after being reported missing
Lithium Companies Fight Over Water in the Arid Great Basin
Why Brandi Cyrus Says Mom Tish Cyrus Is in Her Unapologetic Era