Netflix is elevating costs but once more. In its latest earnings report launched Tuesday, the streaming service introduced that “we’re adjusting costs in the present day throughout most plans” within the US, Canada, Portugal, and Argentina.
The Wall Street Journal and Bloomberg report that its ad-supported tier is growing from $6.99 to $7.99 per thirty days, whereas the usual ad-free tier will go from $15.49 to $17.99 per thirty days. Its highest-priced premium tier can also be growing from $22.99 to $24.99 per thirty days.
The Verge reached out to Netflix with a request for extra details about the worth adjustments however didn’t instantly hear again. “As we proceed to put money into programming and ship extra worth for our members, we’ll sometimes ask our members to pay a bit of extra in order that we are able to re-invest to additional enhance Netflix,” the corporate’s letter to traders says.
Netflix ended the final quarter of 2024 with a powerful slate of content material, with the corporate saying it added 19 million new subscribers, probably the most in its historical past.
