The streamer has already phased out the cheapest ad-free subscription option for new signups.

Netflix Hints at Price Increases, Plans to Retire Basic Service Amid Ad-Tier Growth::Netflix says subscriptions to its ad-supported service grew by 70 percent in the fourth quarter of 2023.

  • @KepabarEnglish
    81•5 months ago

    18 billion yearly profit last I checked.

    Not enough.

    Never enough.

    • @nodsocket@lemmy.worldEnglish
      -86•5 months ago

      I am a shareholder of Netflix. If they don’t make more profit this year the stock will go down and I will lose money.

      I use some of the income from my Netflix stock to pay for my Netflix subscription.

      Edit: looks like I just made 12% since this announcement came out!

      • @1984@lemmy.todayEnglish
        56•5 months ago

        True capitalism, the only thing that matters is if the stocks go up. More profits, all the time, or we call it a depression. Lol.

      • @RGB3x3@lemmy.worldEnglish
        45•5 months ago

        I can’t tell if you’re trying to justify ever-increasing profits and screwing over customers.

        Your profits from stocks are nobody’s concern.

      • @neclimdul@lemmy.worldEnglish
        12•5 months ago

        I don’t know if there could have been a comment that sums up the problem. To this person Netflix is no longer a product; it’s not about the best content or the best experience anymore. It’s about getting your buck.

        Netflix used to have the best content online at the best price. It now has neither and I don’t know how anyone still rationalizes subscribing.