Netflix has released its earnings figures for the fourth quarter of 2024. While a lot of the results seem like good news for the company’s shareholders, like operating income of more than $10 billion and a 16 percent revenue increase, there’s a sting in the tail for its viewers. Subscription prices are going up yet again, starting today.
“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,” the company said in its shareholder letter. “To that end, we are adjusting prices today across most plans in the US, Canada, Portugal and Argentina.”
Netflix later confirmed the specifics of the latest price hikes. The Standard plan with ads is inching up from $7 to $8 a month, while the ad-free version of Standard will rise from $15 to $18 a month. The monthly rates for Premium, which offers 4K Ultra HD and HDR, will increase from $23 to $25. Adding an extra member from outside your household to a streaming plan is also getting more expensive, changing from $8 a month to $9 a month.
In 2023, Netflix eliminated its Basic plan in major markets. That change preceded the most recent increase in subscription costs, less than two years ago.
I’m Manas Ranjan Sahoo: Founder of “Webtirety Software”. I’m a Full-time Software Professional and an aspiring entrepreneur, dedicated to growing this platform as large as possible. I love to Write Blogs on Software, Mobile applications, Web Technology, eCommerce, SEO, and about My experience with Life.
