Netflix Raises Prices as Subscriber Count Exceeds 300 Million

Netflix has become the leading platform for online streaming. Even with its widespread popularity, the platform has decided to increase its subscription prices once again. This change affects both standard and premium users, so here are the updated pricing details.

Price Increases in Four Markets

Users are already voicing their frustrations about the frequent price increases, but Netflix is raising costs in four specific regions. In its recent earnings report, Netflix disclosed the new subscription rates for its services in the United States, Portugal, Argentina, and Canada. According to spokesperson MoMo Zhou, the monthly fee for the ad-supported plan has risen to 7.99 US Dollars from the previous 6.99 US Dollars.

Subscription Tier Changes

Meanwhile, the standard tier without ads is set to rise from 15.49 US Dollars to 17.99 US Dollars. The premium subscription will also see a 2 US Dollar increase, bringing the monthly cost to 24.99 US Dollars. In an official statement, Netflix mentioned, “As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix.”

Future Plans and Subscriber Growth

The price hikes will take effect at the beginning of 2025, shortly after the company announced a significant milestone of reaching 302 million global subscribers. In the last quarter of the previous year, Netflix added an impressive 19 million new subscribers. So, despite the company claiming it concluded 2024 on a positive note, the cost to access Netflix is still climbing.

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