Netflix Sees Its Ad-Tier Plan Reach 40 Million Monthly Users Globally – News18

(Reuters) -Netflix mentioned on Wednesday its advert-supported tier has reached 40 million world month-to-month energetic customers, from 5 million a yr earlier, an indication that its push to draw new customers with the cheaper plan is paying off.

The leap comes at a time when streaming firms are going through stiff competitors and introducing bundles with their rivals to retain subscribers.

Netflix, which launched the advert-supported plan in November 2022, mentioned that 40% of all signal-ups come from these plans within the international locations the place they’re accessible.

In the fourth quarter, the vast majority of gross subscriber additions for the streaming business got here from advert-supported plans for the primary time, knowledge from analysis agency Antenna confirmed earlier this week.

Netflix additionally mentioned it should launch an in-home promoting know-how platform by the top of 2025, in a bid to supply purchasers new methods to purchase advertisements and higher have interaction with customers.

(*40*)The firm mentioned it should crew up with Trade Desk , Google Display & Video 360, and advert-tech agency Magnite who will be part of Microsoft to speed up automated advert shopping for.

Netflix’s advert-tier plan prices $6.99 per thirty days, in contrast with month-to-month plans of $9.99 from Warner Bros Discovery’s streaming service Max and $7.99 for Walt Disney’s Disney+.

Last month, Comcast-owned streaming service Peacock mentioned it might elevate costs of its plans, that will take its advert-supported plan to $7.99 per thirty days.

Earlier on Wednesday, Netflix mentioned it might stream two National Football League video games on Christmas Day this yr, doubling down on efforts so as to add extra stay programming to its streaming service.

(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – Reuters)