Current:Home > StocksNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -TrueNorth Finance Path
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-16 02:15:05
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! (15)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Four Downs and Bracket: Northern Illinois is beauty, Texas the beast and Shedeur Sanders should opt out
- Sky's Angel Reese sidelined with season-ending wrist injury
- As US colleges raise the stakes for protests, activists are weighing new strategies
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Artem Chigvintsev Makes Subtle Nod to Wife Nikki Garcia After Domestic Violence Arrest
- Wisconsin health officials recall eggs after a multistate salmonella outbreak
- Why an ominous warning didn't stop Georgia school shooting
- Tom Holland's New Venture Revealed
- Dorm Room Essentials That Are Actually Hella Convenient for Anyone Living in a Small Space
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Why an ominous warning didn't stop Georgia school shooting
- Jessica Pegula and Aryna Sabalenka try to win the US Open for the first time
- Elton John unveils new documentary and shares what he wants on his tombstone
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Cowboys QB Dak Prescott becomes highest-paid player in NFL history with new contract
- A suspect is arrested after a police-involved shooting in Santa Fe cancels a parade
- 13 children, 4 adults visiting western Michigan park stung by ground-nesting bees
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
A hurricane-damaged Louisiana skyscraper is set to be demolished Saturday
Russell Wilson's injury puts Justin Fields in as Steelers' starting QB vs. Falcons
The key to getting bigger biceps – and improving your overall health
Skins Game to make return to Thanksgiving week with a modern look
American Taylor Fritz makes history in five-set win over friend Frances Tiafoe at US Open
Never-before-seen JFK assassination footage: Motorcade seen speeding to hospital
Cowboys QB Dak Prescott becomes highest-paid player in NFL history with new contract