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Highlights Netflix has increased prices across all plans. New Plans - Standard with Ads plan - $7.99/month, Standard without Ads - $17.99/month and Premium - $24.99/month. Each plan offers different features such as ad-supported streaming, ad-free access, multi-device streaming and enhanced audio and video quality. Netflix also reported strong Q4 2024 earnings and a $15 billion share buyback program. Netflix announces price hike across all plans. (Photo by freestocks on Unsplash) Netflix has announced another price hike for its streaming plans. Subscribers will now have to pay more for all three tiers with the cheapest plan now costing $7.99 per month and the Premium 4K plan priced at $24.99 per month. Here’s everything you need to know about the price hike. New Netflix Pricing - Standard with Ads: $7.99/month (up from $6.99) Standard without Ads: $17.99/month (up from $15.49) Premium: $24.99/month (up from $22.99) These changes affect subscribers in the United States, Canada, Portugal and Argentina. Netflix explained in a letter to shareholders that the price hike will help fund its programming and investments in content. The company wrote, “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. To that end, we are adjusting prices today across most plans in the US, Canada, Portugal and Argentina.” On the same day it announced the price increase, Netflix reported impressive Q4 2024 earnings: 9 million new subscribers (beating the forecast of 9.6 million) bringing the total to 302 million paid subscribers globally. Revenue: $10.25 billion (above the $10.11 billion estimate). Earnings per Share: $4.28 (higher than the expected $4.20). Netflix also announced a $15 billion share buyback program. The current price hike comes a year after Netflix’s last increase in October 2023, when the Premium plan rose from $19.99 to $22.99. Around the same time, Netflix also discontinued its ad-free Basic plan, raising the starting price for ad-free streaming to $15.49, and now to $17.99. With over 302 million subscribers and continued growth, Netflix’s latest price changes reflect its strategy to invest in more content while maintaining its leadership in the streaming market. Netflix Plan - Breakdown Here’s what you get with each Netflix plan: Standard with Ads ($7.99/month): Includes ads. Access to all mobile games and most TV shows and movies (some titles will have a lock icon). Watch and download on 2 devices at a time in 1080p Full HD. Standard without Ads ($17.99/month): No ads, unlimited access to TV shows, movies and mobile games. Watch and download on 2 devices at a time in 1080p Full HD. Option to add 1 extra member who doesn’t live with you. Premium ($24.99/month): No ads, unlimited content and Netflix spatial audio for enhanced sound quality. Watch and download on 4 devices at a time in 4K Ultra HD + HDR. Option to add up to 2 extra members who don’t live with you. FAQs Q1. What are the new prices for Netflix's streaming plans? Answer. The new prices are $7.99/month for Standard with Ads, $17.99/month for Standard without Ads and $24.99/month for Premium. Q2. Why has Netflix increased its prices? Answer. Netflix explained that the price hike will help fund its programming and investments in content, aiming to deliver more value for its members. Q3. Which regions are affected by the Netflix price increase? Answer. The price increase affects subscribers in the United States, Canada, Portugal, and Argentina. Q4. What features are included in Netflix's Premium plan? Answer. The Premium plan includes no ads, unlimited content, Netflix spatial audio, 4K Ultra HD + HDR streaming, and the option to add up to 2 extra members who don’t live with you. Read More: January 2023 Movie Calendar: Netflix, Disney Hotstar, Prime Video Must-Watch Movies

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