Netflix ad-supported tier reaches 70 mn users

Netflix has revealed that its ad-supported plan now has 70 million monthly active users worldwide, nearly double the number from six months ago, as customers look for more budget-friendly options.

hot movie in Netflix India

This tier, priced at $6.99 per month in the U.S., accounts for over half of new sign-ups where available, compared to the $15.49 price for the cheapest ad-free plan.

The company does not yet expect the ad-supported tier to drive major growth until 2026, though some analysts suggest Netflix may raise prices on ad-free options to encourage more sign-ups for the ad-supported plan, which generates higher revenue per user.

Netflix has also signed a partnership with FanDuel as the exclusive pre-game sports betting partner for its NFL games on Christmas Day, with all in-game ad slots already sold out to brands like Verizon. In tech advancements, Canada has become Netflix’s first fully ad-tech-operated country, with a global rollout planned by 2025.

Latest

More like this
Related

Strategies for Prime Video to handle retention challenges

Streaming services like Prime Video are grappling with high...

YouTube strategies for growth and monetization in emerging markets

Samuel Nkwam, analyst at Omdia, in a report, has...

How Netflix leads in user retention in streaming services

User retention has become a critical factor in determining...

DirecTV to acquire EchoStar’s Dish TV amidst Pay-TV struggles

DirecTV has agreed to acquire EchoStar’s satellite TV business...