Netflix’s Q4 2024 earnings report was recently released. Although results such as an operating profit of more than $10 billion and a revenue increase of 16% seem like good news to the company’s shareholders, Netflix users won’t be so lucky. Subscription prices are increasing again from today.
The Standard plan with ads increases from $7 to $8 per month, while the ad-free version of Standard will increase from $15 to $18 per month. Monthly pricing for Premium, which offers 4K Ultra HD and HDR, will increase from $23 to $25. Adding an additional member from outside your household to a streaming plan is also getting more expensive, going from $8 per month to $9 per month.
“As we continue to invest in programming and deliver more value to our members, we will occasionally ask our members to pay a little more so that we can reinvest to make Netflix even better,” the company said in its letter to members. shareholders. “To this end, today we are adjusting prices for most plans in the United States, Canada, Portugal and Argentina.”
In 2023, Netflix removed its Basic plan in major markets. This change preceded the most recent subscription cost increase less than two years ago.
