Current:Home > FinanceNetflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain -Excel Money Vision
Netflix is ending basic $11.99 plan with no ads: Here's which subscription plans remain
View
Date:2025-04-13 05:20:28
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! (9173)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Children and adults transported to a Pennsylvania hospital after ingesting ‘toxic mushrooms’
- North West proves she's mini Ye in Q&A with mom Kim Kardashian: 'That's not a fun fact'
- Tap to pay, Zelle and Venmo may not be as secure as you think, Consumer Reports warns
- 2 killed, 3 injured in shooting at makeshift club in Houston
- MLB moves start of Tigers-Guardians decisive ALDS Game 5 from night to day
- Don't want to worry about a 2025 Social Security COLA? Here's what to do.
- California Senate passes bill aimed at preventing gas price spikes
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- For Olympians playing in WNBA Finals, 'big moment' experience helps big-time in postseason
Ranking
- Intel's stock did something it hasn't done since 2022
- Taco Bell returns Double Decker Tacos to its menu for limited time. When to get them
- Video shows Coast Guard rescue boat captain hanging on to cooler after Hurricane Milton
- Yes, salmon is good for you. But here's why you want to avoid having too much.
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Ex-US Army soldier asks for maximum 40 years in prison but gets a 14-year term for IS plot
- The Lands’ End 50% off Sitewide Sale Is Jaw-Dropping – $27 Flannels, $36 Rain Jackets, $44 Jeans & More
- Sister Wives Star Kody Brown’s Daughter Mykelti Lashes Out Against Him After Previous Support
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Why JoJo Siwa Is Comparing Her Viral Cover Shoot to Harry Styles
Rihanna's All-Time Favorite Real Housewife Might Surprise You
What’s behind the northern lights that dazzled the sky farther south than normal
Former Danish minister for Greenland discusses Trump's push to acquire island
Massachusetts pharmacist gets up to 15 years in prison for meningitis outbreak deaths
Stormzy Shares Kiss With Victoria Monét 3 Months After Maya Jama Breakup
Hugh Jackman Makes Public Plea After Broadway Star Zelig Williams Goes Missing