Netflix\u2019s\u00a0cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was\u00a0launched.<\/p>\n
The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. Netflix said it continues \u201cto see positive momentum and growth across all areas of the business,\u201d adding it has seen \u201csteady progress across all countries\u2019 member bases.\u201d<\/p>\n
Netflix launched the option in November 2022 as one of its responses to a\u00a0slowdown in subscriber growth.<\/p>\n
Recently, subscriber growth hasn\u2019t been an issue. Last month Netflix\u00a0reported\u00a0it added 5.1 million subscribers during the third quarter, beating Wall Street estimates. In total, Netflix counts 282.7 million memberships across all of its pricing tiers.<\/p>\n
Beginning next year, Netflix said it will no longer update investors on its subscriber numbers as it shifts focus toward revenue and other financial metrics as performance indicators.<\/p>\n
When Netflix launched its ad platform two years ago, the company said\u00a0Nielsen would rate its content.<\/p>\n
Netflix in May announced it would\u00a0air two National Football League games on\u00a0Christmas Day\u00a0this year as part of a three-year deal.\u00a0On Tuesday it said it sold out of its ad inventory for the two live games.<\/p>\n
Netflix also said it\u2019s brought on FanDuel and Verizon as advertisers for the games. FanDuel will become the exclusive pregame sportsbook betting partner, Netflix said, and will have a sponsored in-show feature.<\/p>\n
Media companies have been focusing on ad-supported strategies for their streaming options that woo customers with cheaper plans and also offer advertising revenue that can help move the streaming businesses toward profitability. While the ad market has been slow for traditional TV, it has\u00a0grown\u00a0for streaming and digital businesses.<\/p>\n
Netflix offered its last\u00a0update\u00a0on its ad-supported tier in May, when it said it reached 40 million global monthly active users, nearly doubling the figure it had shared in January. That announcement came during Upfronts, when media companies make their pitches to advertisers.<\/p>\n
Netflix also announced in May it would launch its own advertising platform, ending a partnership with Microsoft for that technology. It\u2019s rolled out the platform in Canada and plans to launch it in the U.S. by the end of the second quarter next year. It plans to set the platform live everywhere by the end of 2025.<\/p>\n<\/p>\n
Netflix\u2019s\u00a0cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was\u00a0launched. The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. Netflix said it continues \u201cto see positive momentum and growth across all areas of the business,\u201d adding it […]<\/p>\n","protected":false},"author":0,"featured_media":12188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12187"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12188"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}