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If you use Netflix in Spain and other countries it will cost you more. The price of the VOD service has increased again and now costs 20 euros
If you use Netflix in Spain and other countries it will cost you more. The price of the VOD service has increased again and now costs 20 euros per month If you want the premium version. The platform is increasing its cost, following the increase we saw in the United States a year ago. And he’s doing this starting today, October 18th.
Why is the price increasing suddenly? Here’s what the company is telling investors: to offer “more value for our members.”
Exactly one year ago, on October 19, 2023, Netflix increased the prices of its service in the United States, France and the United Kingdom. Spain was saved, but on the same day a significant change took place. Basic Plan of €7.99 per month is gone from three plans Here are the rates offered by the VOD platform:
What result did this produce? Subscribers to this plan had to decide when renewing between watching content with ads by paying 2.5 euros less or switching to the Standard plan by paying 5 euros more.
Starting today, October 18, 2024, Prices of three Netflix plans increased -and in Italy too- and this is already reflected on the Netflix Spain help website:
As we can see, the standard plan without ads increased the least, and the standard plan without ads increased the most. Premium is currently almost 20 euros per month. At its cheapest, it now costs you 1.5 euros more to watch Netlix with ads. If you want to add someone from outside your household to share your subscription with, For each additional person it will be 5.99 euros more per month.
Netflix announced this increase in a recent meeting with investors, where it shared a set of data for the third quarter from June 1 to August 31. Absolutely flattering:
In the third quarter, Revenue increased 15% year over year and operating margin was 30%Last year’s rate was 22%. For 2024, we expect revenue growth of 15% (the high end of our 14% to 15% range) and an operating margin of 27% (up from the previous 26%).
this quarter We have achieved a number of successesThese include new series like The Perfect Couple, Nobody Wants This and Tokyo Hustlers, favorites like Emily in Paris and Cobra Kai, and great movies like Beverly Hills Cop: Axel F, Rebel Ridge and Black Belt Officer.
Engagement, the best indicator of member happiness, remains healthy. Viewing time per member in host households in the first three quarters of 2024 (The clearest view of engagement trends since the launch of paid sharing) increased from year to year.
We continue to develop our advertising business and improve our offerings to advertisers. Ad membership increased by 35% compared to the previous quarter, Our ad technology platform will be available in Canada in the fourth quarter and more broadly in 2025.
We executed on our plan to ramp up our business again and are excited to finish the year strong with a great lineup in the fourth quarter, including Squid Game S2, the Jake Paul-Mike Tyson fight, and two NFL games on the day of the event. Christmas. When we look to 2025, We focus on improving all aspects of our service and continuing to deliver quality service To continue to improve all aspects of our service and increase revenue and profits.
via | netflix
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Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
