Netflix just raised subscription prices. Here's how much that's costing you. (2024)

Jessica GuynnUSA TODAY

Get ready to pay more for Netflix.

The streaming giant hiked the monthly price of its basic plan to $12 from $10 and its premium plan to $23 from $20.

Netflix’s $7 ad-supported plan will still cost $7 a month.

The price hikes take effect immediately.

The last time Netflix raised prices in the U.S. was in January 2022.

“As we deliver more value to our members, we occasionally ask them to pay a bit more,” Netflix said while announcing third-quarter earnings results. “Our starting price is extremely competitive with other streamers and at $6.99 per month in the US, for example, it’s much less than the average price of a single movie ticket.”

Growing economic pressures on the streaming industry has streaming providers raising prices and cracking down on password sharing. The trend is squeezing wallets and budgets.

Netflix, Disney+, Hulu and Peaco*ck have announced price increases in recent months.

The current round of price increases signals once and for all that the era of cheap streaming has come to an end.

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The Wall Street Journal estimated the average cost of watching a major ad-free streaming service will go up nearly 25% in about a year.

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Netflix has launched other money-making efforts including cracking down on password sharing and an ad-supported tier of its streaming service.

Netflix reported third-quarter revenue of $8.54 billion, up from $7.9 billion in the year-ago quarter. Net profit rose 20% to $1.68 billion.

It added 8.8 million subscribers in the third quarter.

What's streaming on Disney and Hulu? Price hikes. These tips can save you money.

Netflix just raised subscription prices. Here's how much that's costing you. (2024)

FAQs

Netflix just raised subscription prices. Here's how much that's costing you.? ›

The streaming giant hiked the monthly price of its basic plan to $12 from $10 and its premium plan to $23 from $20. Netflix's $7 ad-supported plan will still cost $7 a month. The price hikes take effect immediately. The last time Netflix raised prices in the U.S. was in January 2022.

Why is Netflix costing so much? ›

As we continue to add more TV shows and movies and introduce new product features, our plans and prices may change. We also may adjust plans and pricing to respond to local market changes, such as changes to local taxes or inflation.

How much is Netflix 2024 per month? ›

Netflix Prices in 2024

Additional tiers include $15.49 for Standard service, which includes 2 screens, and $22.99 for Premium, which includes 4 screens as well as upgraded HDR/4K resolution.

How much does a basic Netflix subscription cost? ›

Netflix costs $6.99 to $22.99 per month, depending on your subscription plan. It offers three plans: Standard With Ads, Standard and Premium. A former popular choice was the Basic plan at $9.99, but Netflix eliminated this option for new or rejoining members and is phasing it out entirely. Users can cancel anytime.

Is Netflix raising prices for basic and premium subscribers? ›

The new price hike is hitting Netflix's “Basic” and “Premium” tiers. Each option is now $2 more expensive than it used to be, $11.99 for “Basic” and $22.99 for “Premium.” The pricing of Netflix's cheapest option, which includes ads, will remain at $6.99 and the “Standard” tier will stay at $15.49.

Can I share my Netflix account with family in a different home? ›

A Netflix account is meant to be shared by people who live together in one household. People who are not in your household will need to sign up for their own account to watch Netflix. You can manage who uses your account by setting a Netflix Household.

How do I get Netflix lower prices? ›

Other methods how to get Netflix discount
  1. Share Premium with your friends. There are loads of like-minded people that want to save some cash on Netflix Premium. ...
  2. Use gift cards or promo codes. Looking for discounts is always a great way to reduce costs. ...
  3. Get special deals from your ISP. ...
  4. Opt for a different plan.
Mar 22, 2024

Is there a difference between Netflix basic and standard? ›

As far as the catalog goes, Basic subscribers have access to the same material as those on a Premium monthly plan. Differences come in the form of resolution — the Standard with ads and the Standard plan now stream at Full HD (1080p). The Basic plan (for those who keep it) streams in just HD (720p) resolution.

Which Netflix package is best? ›

The Standard with ads plan is suitable for occasional viewers, while the Standard plan is ad-free and allows for streaming on multiple devices. The Premium plan is recommended for large families and offers 4K streaming and downloads on up to six devices.

How to get a free Netflix subscription? ›

Netflix does not offer free trials, but you have the freedom to change your plan or cancel online at any time if you decide Netflix isn't for you. There are no contracts, no cancellation fees, and no commitments. You can sign up and take advantage of all Netflix has to offer.

How do I change my Netflix to cheaper? ›

How to change your plan
  1. Sign in to your Netflix account.
  2. Select Change Plan. (If you don't see Change Plan, please contact us.) Note: If your account is on hold, no plan changes can be made until the hold is resolved.
  3. Choose the desired plan, then select Continue or Update.
  4. Select Confirm Change or Confirm.

How many people can you share a Netflix account with? ›

Netflix members who have a Standard or Premium plan can add an extra member by buying an extra member slot. Standard plan can add 1 extra member. Premium plan can add up to 2 extra members.

Is Netflix $24? ›

Basic plan subscribers will now pay $11.99 per month, an increase of $2 per month, and Premium plan subscribers will now pay $22.99 per month, an increase of $3 per month.

Is Netflix worth the cost anymore? ›

Even though plans are pricier than when Netflix first started, the streaming platform's ever-growing catalog of familiar and original content is worth it for many customers.

Why does Netflix charge so much tax? ›

Your Netflix membership may be subject to sales tax in some states (governed by your state's sales tax laws) because your membership includes streaming and games. You can sign in to your Account and follow these steps to view and print an invoice.

How to get Netflix for free? ›

Netflix does not offer free trials, but you have the freedom to change your plan or cancel online at any time if you decide Netflix isn't for you. There are no contracts, no cancellation fees, and no commitments. You can sign up and take advantage of all Netflix has to offer.

What is Netflix's biggest cost? ›

Premium - $22.99/month

The Premium plan is Netflix's most expensive tier and offers all the best features the streamer has to offer.

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