Netflix told investors it has added millions of new customers and has lots of room to grow its revenue — with part of that growth coming from the planned elimination of the cheapest, ad-free plan available to Canadians.
According to fourth quarter results, released late Tuesday afternoon, Netflix is planning to “retire” what it refers to as its Basic plan in Canada and the United Kingdom starting in April 2024.
The Basic, zero-ad plan cost $9.99 per month, a price that existing customers of that plan could continue to pay as long as they did not change their account.
New subscribers, as well as existing Netflix subscribers
