Netflix Gains 8 Million Global Subscribers Amid Price Hikes and Push to Ad-Supported Streaming

Quick Summary:

Netflix eliminated its cheapest ad-free "Basic" subscription tier last year, and earlier in July, the company began warning customers in the UK and Canada that they would need to move to a new plan.

Netflix has gained more than 8 million global paid subscribers since April, according to new subscriber information included in the company's second quarter earnings results [PDF].

With the jump in paid subscriptions, Netflix now has a total of 277.65 million paid subscribers around the world, marking 16.5 percent year-over-year growth.

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Article Details

Author / Journalist: Juli Clover

Category: Technology

Markets: United StatesCanada

Topics: Beta Features Betas Airpods Percent Paid Netflix Company Apple Iphone Plan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 14:59:17 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: macrumors.com

Language: English

Article Length: 915 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © MacRumors

News ID: 21678203

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