netflix Receive the new year with two great news. First, in the fourth quarter of 2024, The number of subscribers surpassed the 300 million mark. and revenue growth far exceeded expectations. Second, despite this apparent success, the popular video streaming service is looking for even more money and will raise prices across all of its subscription tiers, including the first price increase on its ad-supported plan. These increases, which will affect the US, Canada, Portugal and Argentina, according to The EdgeAn additional $1 to $2.50 per month takes effect during your next billing cycle.
You can expect to pay $2.50 more for the standard ad-free tier, which ranges from $15.50 to $18 per month. The premium tier sees a slightly smaller increase from $23 to $25 per month. And even the ad-supported tier, which until now had been spared any increase, is rising 12.5%, from $7 to $8 a month.
in your letter to investorsThe company did not even attempt to explain the increases with the usual reason for increasing costssimply saying: “As we continue to invest in programming and provide more value to our members, we will occasionally ask our members to pay a little more so we can reinvest and make Netflix even better. To that end, today we are adjusting prices on most plans in the US, Canada, Portugal and Argentina.”
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Netflix has few real competitors when it comes to the breadth of content and amount of original programming you’ll find on the service. However, you may want to check how it compares to Amazon Prime Video oa Hulutwo of the most popular alternatives.
If one of these services is more attractive now that Netflix costs more, here’s a practical guide to cancel your Netflix subscription.
