If you have a ‘Premium’ plan, then you’re able to watch Netflix from four different devices at the same time – this means you can split the cost of Netflix with people in your household
Netflix users could cut their yearly bill by £170 if they share their subscription with the people they live with.
The streaming service has upped its prices again. The cost of its “Standard with Adverts” plan has risen from £4.99 to £5.99 a month, while its “Standard” package without adverts has gone up from £10.99 to £12.99 a month. The most expensive “Premium” plan has risen from £17.99 to £18.99 a month, and the cost price of adding additional members to your plan has gone up from £4.99 to £5.99 a month, or from £3.99 to £4.99 with adverts.
The increases came into force from February 6 for anyone taking out a new subscription, while existing customers will be given 30 days’ notice by email before their price goes up too. If you have a “Premium” plan, then you’re able to watch Netflix from four different devices at the same time.
This means you can split the cost of Netflix with people in your household. It costs £18.99 a month, which adds up to £227.88 a year, for the “Premium” plan. If you live with one other person, the price drops down to £9.50 a month, or £114 for the year, while sharing between three people drops the cost to £6.33 a month, or £75.96 a year.
But if you’re sharing between four people, the cost is £4.75 a month, or £57 for the year – a yearly saving of just over £170 compared to if you forked out the entire plan on your own. If you live alone, you could also save money by downgrading your plan.
For example, the “Standard” package without adverts costs £12.99 a month, or £155.88 over the year, while the “Standard with Adverts” plan is £5.99 a month, or £71.88 over 12 months. Netflix last raised prices in October 2023. If you don’t want to keep paying for Netflix, you can cancel your package without paying an exit penalty.
It comes after Netflix hiked its subscription fees in the US, Canada, Argentina and Portugal. The streaming giant added 18.9 million subscribers in its fourth quarter, helped by popular shows including Squid Game 2. Netflix now has nearly 302 million customers globally.
Netflix CEO, President & Director Gregory K Peters said: “We exceeded our ads revenue target in Q4, which was an exciting milestone to reach. We doubled our ads revenue last year, year over year, and expect to double it again, so that should give you a sense of the slope of monetization growth we’re on. There’s considerable work ahead of us, for sure, but we don’t see specific hurdles, other than doing the work.”
