Netflix recently made changes to its pricing options for U.S. subscribers, offering a range of plans to choose from:
- Standard with ads: $6.99 per month, with ads, streams in Standard Definition on two devices at once, and allows downloads on two supported devices.
- Standard Plan: $15.49 per month, ad-free, streams in Standard HD video, allows downloads on two supported devices, and includes the option to add a member for $7.99.
- Premium Plan: $22.49 per month, ad-free, streams in Ultra HD (4K) on four devices simultaneously, allows downloads on six supported devices, and offers the option to add up to two additional members for $7.99 each.
If you were previously subscribed to the $11.99 basic plan in the U.S., you will need to select a new plan soon as Netflix is phasing out that option. Subscribers should expect an email notification from Netflix regarding this change.
In their recent financial report for the second quarter of 2024:
- Netflix’s revenue increased by nearly 17% year-over-year to reach $9.56 billion.
- Net income rose by 44% annually to $2.15 billion.
- Earnings per share grew by 48% to $4.88.
- The streaming platform now boasts 277.65 million paid subscribers worldwide.
Despite these positive figures, Netflix’s stock experienced a slight decline due to less optimistic forecasts for the current quarter compared to previous results.
During the second quarter of this year:
- Netflix achieved record viewership with ‘The Roast of Tom Brady’.
- Popular shows like ‘Bridgerton’ Season 3 and ‘The Great Indian Kapil Show’ attracted a large audience.
- Hit films such as ‘Under Paris’ and ‘Atlas’ were among the most-watched content on the platform.
Netflix continues to provide a wide range of entertainment options for its global audience while adapting its pricing strategy to meet evolving consumer needs and preferences.
