Netflix's ad-supported tier hits 70 million users


FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo

(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options.

The plan, priced at $6.99 per month in the U.S., now accounts for more than half of all new Netflix sign-ups in regions where it is available. It reached 40 million global monthly active users in May.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Ellison steps in with personal guarantee as Paramount fights for Warner Bros
AI spending spree drives global tech debt issuance to record high
Instacart ends AI-driven price experiments after criticism
Ellison offers $40.4 billion guarantee to beef up Paramount's Warner Bros bid
Honeywell expects $470 million charge from Flexjet settlement
Uber, Lyft to test Baidu robotaxis in UK from next year
Tech influencer Lamarr Wilson dies by suicide at 48
Sam Altman’s cringe AI thirst trap says a lot about the future of OpenAI
Italy regulator fines Apple $115 million for alleged App Store privacy violations
The rise of deepfake cyberbullying poses a growing problem for schools

Others Also Read