Current:Home > MarketsNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -LegacyBuild Academy
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-13 01:07:01
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! (49157)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- The Supreme Court weakens federal regulators, overturning decades-old Chevron decision
- No end in sight for historic Midwest flooding
- New Hampshire teacher says student she drove to abortion clinic was 18, denies law was broken
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 'Craveable items at an affordable price': Taco Bell rolls out new $7 value meal combo
- Frank Bensel makes hole-in-one on back-to-back shots at the U.S. Senior Open
- Video shows wax Lincoln sculpture melted after 'wild heat' hits DC
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Randall Cobb, family 'lucky to be alive' after Nashville home catches on fire
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Texas Supreme Court upholds ban on gender-affirming care for transgender minors
- Jon Stewart hosts 'The Daily Show' live after presidential debate: When and how to watch.
- California voters to weigh proposal to ban forced prison labor in state constitution
- The company planning a successor to Concorde makes its first supersonic test
- Supreme Court strips SEC of key enforcement power to penalize fraud
- How The Real Housewives of New York City's New Season 15 Housewife Is Making History
- Elon Musk and Neuralink exec Shivon Zilis welcomed third child this year: reports
Recommendation
A South Texas lawmaker’s 15
Rite Aid closing 27 more stores in 2 states: See the locations
California voters to weigh proposal to ban forced prison labor in state constitution
Willie Nelson pulls out of additional performance on Outlaw Music Festival Tour
Bodycam footage shows high
That job you applied for might not exist. Here's what's behind a boom in ghost jobs.
Oklahoma executes Richard Rojem Jr. in ex-stepdaughter's murder: 'Final chapter of justice'
Supreme Court allows cities to enforce bans on homeless people sleeping outside