Netflix has released its revenue figures for the fourth quarter of 2024. While many results seem to be good news for the company’s shareholders, such as operating income of more than $ 10 billion and a 16 percent increase in income, there is a tail for its viewers. Subscription prices are going up again, starting today.
“As we continue to invest in programming and provide more value for our members, we sometimes ask our members to pay a little so that we can reinvest to make Netflix even better,” the company told its shareholder. . “To that end, we are adjusting prices today on most plans in the US, Canada, Portugal and Argentina.”
Netflix later confirmed the details of the latest price hike. The Standard plan with ads will increase from $7 to $8 a month, while the ad-free version of Standard will increase from $15 to $18 a month. Monthly rates for Premium, which offers 4K Ultra HD and HDR, will increase from $23 to $25. Adding an additional member from outside your household to a streaming plan is also getting more expensive, going from $8 a month to $9 a month.
In 2023, Netflix eliminated its Basic plan . That change precedes the most recent in subscription costs, less than two years ago.