Current:Home > MyNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -WealthSync Hub
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-11 23:57:47
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! (4)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Olympian Nikki Hiltz is model for transgender, nonbinary youth when they need it most
- 2 children dead and 11 people injured in stabbing rampage at a dance class in England, police say
- Why Shiloh Jolie-Pitt's Hearing to Drop Pitt From Her Last Name Got Postponed
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- US swimmer Luke Hobson takes bronze in 200-meter freestyle 'dogfight'
- Who Are The Nelons? What to Know About the Gospel Group Struck by Tragedy
- Beacon may need an agent, but you won't see the therapy dog with US gymnasts in Paris
- Trump invites nearly all federal workers to quit now, get paid through September
- Dog days are fun days on trips away from the shelter with volunteers
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- In New York, a ballot referendum meant to protect abortion may not use the word ‘abortion’
- Johnny Depp pays tribute to late 'Pirates of the Caribbean' actor Tamayo Perry
- Jennifer Lopez’s 16-Year-Old Twins Max and Emme Are All Grown Up in Rare Photos
- Meta donates $1 million to Trump’s inauguration fund
- Why Shiloh Jolie-Pitt's Hearing to Drop Pitt From Her Last Name Got Postponed
- Fresh quakes damage West Texas area with long history of tremors caused by oil and gas industry
- USWNT dominates in second Paris Olympics match: Highlights from USA's win over Germany
Recommendation
Don't let hackers fool you with a 'scam
Martin Phillipps, guitarist and lead singer of The Chills, dies at 61
USWNT's future is now as Big Three produce big results at Paris Olympics
Storms bring flash flooding to Dollywood amusement park in Tennessee
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
‘White Dudes for Harris’ is the latest in a series of Zoom gatherings backing the vice president
Park Fire is the largest of more than 100 fires currently ablaze across US
Starter homes are worth $1 million in 237 U.S. cities. See where they're located.