Netflix is hiking its prices once again.Starting today, the cheapest Netflix plan will cost $7.99 per month, while the top-of-the-line plan with 4K streaming will cost you a cool $24.99 monthly.Netflix’s latest price increase Here are the details of the impending Netflix price increase, which impacts all three of its plans: Standard with ads: $7.99 (up from $6.99) per month Standard without ads: $17.99 (up from $15.49) per month Premium: $24.99 (up from $22.99) per month The price increases affect users in the United States, Canada, Portugal and Argentina.
In a letter to shareholders today, Netflix said the price increase will let it continue to invest in programming: Netflix’s latest price increase comes the same day the company reported monster earnings for Q4 2024.The streaming service added 18.9 million new subscribers in the quarter, beating analyst expectations of 9.6 million additions.It now has a whopping 302 million paid subscribers around the world.
Netflix also reported revenue of $10.25 billion, beating estimates of $10.11 billion.Earnings-per-share came in at $4.28, compared to estimates of $4.20.It also declared a $15 billion share buyback program.
Netflix last increased its prices in October 2023, when the Premium tier increased from $19.99 to $22.99 monthly.Shortly thereafter, Netflix discontinued its popular ad-free Basic subscription.This served as an effective price increase for anyone wanting an ad-free Netflix experience, raising the ad-free floor from $11.99 to $15.49 per month (now $17.99 with today’s price hike).
As a refresher, here’s what you get with each Netflix plan.Standard with ads: Ad-supported, all mobile games and most movies and TV shows are available.A lock icon will appear on unavailable titles.
Watch on 2 supported devices at a time Watch in 1080p (Full HD) Download on 2 supported devices at a time Standard without ads: Unlimited ad-free movies, TV shows, and mobile games Watch on 2 supported devices at a time Watch in 1080p (Full HD) Download on 2 supported devices at a time Option to add 1 extra member who doesn’t live with you Premium: Unlimited ad-free movies, TV shows, and mobile games Watch on 4 supported devices at a time Watch in 4K (Ultra HD) + HDR Download on 6 supported devices at a time Option to add up to 2 extra members who don’t live with you Netflix spatial audio Are you still a Netflix subscriber? How much are you willing to pay for the service? Let us know down in the comments. You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day.Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop.
Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel
