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Netflix Price Hikes Changes – Here’s What You Need To Know!

Netflix Price
Netflix Price Hikes Changes - Here's What You Need To Know! (PHOTO: CNBC)

Wednesday, Netflix’s price for two of its most popular plans will increase as they are asking subscribers to part with some more money.

Netflix Price

Netflix Price Hikes Changes – Here’s What You Need To Know! (PHOTO: Netflix Price)

Netflix Price Hikes

The streaming service’s most expensive plan, Premium, will increase from $19.99 to $22.99 per month, and the primary, advertising-free plan will surge from $9.99 to $11.99 monthly.

TV Fanatic reported that two of the four services presented by the home of Stranger Things will remain the same. The standard plan with ads will stay at $6.99, while the ad-free equivalent will still set you back $15.49.

While we mostly paused price growths as we rolled out paid sharing, our overall approach remains the same a range of prices and plans to meet a wide range of needs, and as we deliver more value to our members, we occasionally ask them to pay a bit more,” the company said in its third-quarter shareholder letter.

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Nine Million Subscribers!

Netflix also announced Wednesday that it added nine million subscribers in the third quarter, which also boosted to contribute to year-over-year revenue.

The subscriber increase is interesting because the crackdown on password sharing and the rise of the cheaper ad-supported plan are paying off.

The fact that Netflix has reached 247 million subscribers globally is unmistakable evidence that things are going well.

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