The premium plans will now be £17.99 in the UK and 19.99 in France. Netflix has raised prices for the second time in just over a year, taking the price of its most expensive subscription to almost £16 a month. Netflix shares are down 11% year-to-date as investors have recently been rotating out of tech and growth stocks amid the prospects of higher interest rates later this year. will now be £7.99, while in France it will be 10.99. Current members will receive an email notification 30 days before their price changes, unless they change their plan." Regarding the price change, Netflix's website states, "These prices apply to new members and will gradually take effect for all current members. and Canada at the end of last year, and its very likely Netflix will make additional price increases in other markets, particularly Europe, in 2021. The company saw a slowdown in subscriber growth in the first two quarters of last year, adding just 5.5 million net subscribers total, far fewer new users than the record 25.9 million additions in the first half of 2020.ĭuring the company's last earnings report, the company said it will switch to reporting hours viewed for its shows instead of the number of accounts watched. Netflix posted 8.83 billion in revenue for the fourth quarter of 2023, up more than 12 year over year. The basic plan was bumped up to 9.99/month the standard plan increased by 1.50 to 15.49. Netflix is raising the cost of some of its UK subscriptions from next month, its customers have been told. and its lowest-priced, ad-free streaming plan to 11. (Photo by Jakub Porzycki/NurPhoto via Getty Images) (NurPhoto via Getty Images) Netflix announced back in January that it was raising the cost of its US subscription across the board. In mid-October, the company announced plans to raise the price for its most expensive streaming service by 2 to 22.99 per month in the U.S. Netflix’s Standard plan will increase by a dollar to 16.99 per month while the Premium plan is now 22.99 (up from 19.99). Netflix logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo taken in Krakow, Poland on January 7, 2022.
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