Netflix ad tier surpasses 23 mn monthly active users: Report
SUBSCRIBE
JOBS
Go Back
4 months ago 03:56:34pm Television

Netflix ad tier surpasses 23 mn monthly active users: Report

New Delhi, 12-January-2024, By IBW Team

Netflix

Streaming giant Netflix is witnessing strong growth of its advertising-based plan, as the president of advertising, Amy Reinhard, said that the platform has recently crossed more than 23 million global monthly active users, the media reported.

According to IANS, the new numbers come after Netflix about two months ago said that its ad-supported tier had over 15 million monthly active users globally.

“The thing we’re excited about is the engagement. Of Netflix’s customers on ad-supported plans, 85 percent are streaming on the platform for more than two hours per day,” Reinhard was quoted as saying.

In an October letter to shareholders, Netflix stated that ad-tier subscriptions accounted for roughly 30 percent of all new signups in the 12 countries where it has launched the platform, the report mentioned.

Netflix Basic With Ads debuted in the US and 11 other countries in November 2022. In the US, the plan costs $6.99 per month, which is less than half the price of the Standard plan ($15.49).

Meanwhile, Netflix is reportedly planning to generate revenue from its gaming business by adding in-app purchases and advertisements.

The company has had discussions in recent months about how to generate revenue from its games, reports The Wall Street Journal, citing people familiar with the discussions.

For two years, Netflix subscribers have been able to download tons of mobile games, all free with their subscription.

The company offers more than 75 mobile games, like Grand Theft Auto, Love Is Blind, Monument Valley, and Oxenfree.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos