Netflix's ad supported tier reaches new user milestone, defying expectations
People love ads, it seems. Or at least they love Netflix"s ad-supported plan, as they"re lapping it up left and right. The company has today revealed that it"s now got over 70 million subscribers to the ad-supported plan globally.
For context, please note that the number was 40 million in May and 22 million in January - the growth is simply staggering. And they say people don"t like ads. Here"s another interesting fact: in the countries where the ad tier is available, over 50% of new Netflix sign-ups are for that tier.
Netflix is also experimenting with sponsorships, for example for the next season of Squid Game, where it partnered with multiple advertisers across its 12 ad-supported countries.
Over in Canada, Netflix started operating with its own ad tech, which is part of a move to break away from a partnership it has with Microsoft in the field. Netflix"s in-house advertising technology will roll out globally throughout next year.
