Netflix at present stated that it’s rising the price of a few of its subscription plans in the US, the UK, and France. Costs shall be going up for the Primary and Premium plans in these three international locations.
In the US, the value of the Primary plan will improve from $9.99 to $11.99 monthly, whereas the value of the Premium plan will improve from $19.99 to $22.99 monthly. The ad-supported tier value will stay the identical at $6.99 monthly, as will the $15.49/month Normal plan.
Netflix not affords the Primary plan to new subscribers in the US, however costs will presumably improve for present subscribers.
The Premium Netflix plan is the one plan that gives entry to 4K video streaming and spatial audio. The $15.49 Normal plan and the ad-supported plan are restricted to 1080p.
Netflix introduced the value hikes in its earnings name for the third quarter of 2023 [PDF], which befell at present. Netflix stated that it added 8.8 million new subscribers, up from 2.4 million new subscribers within the year-ago quarter. Income got here in at $8.54 billion, up from $7.9 billion final 12 months.
Subscriber progress comes after Netflix started cracking down on password sharing between households. Netflix says that cancel response to the password sharing limitation “continues to be low,” exceeding its expectations.
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