Netflix has announced that it will increase the Price of its subscription by Spain and Italy. The change, which will be reflected in these countries starting tomorrow, Friday, October 18, is part of a rate update that has been expanding to new places.
The streaming giant announced the news this Thursday in the presentation of its latest financial results. The letter to shareholders notes that they are looking to improve their monetization, an action that will be achieved by “refining” their plans and prices.
An announced increase, waiting to know how much we will pay
At the time of writing this article, the American company has not specified how much more we will have to pay, so we have to wait. The prices of your plans without the increase They are the following: Premium, 17.99 euros; Standard, 12.99 euros, and Standard with ads, 5.49 euros.
Belgium is one of the countries where Netflix has increased its price this year. Users in this European region pay 19.99 euros for the Premium plan, 14.49 euros for the Standard plan and 9.99 euros for the Basic plan. This last plan, it should be noted, is not available in Spain since 2023.
The last time the service updated its rates in Spain was in October 2021, so they have passed exactly three years from that moment. Netflix usually notifies its users of price increases via email, one month before the billing date.
Netflix has said that its revenue in the third quarter grew 15% compared to the same period of the previous year, standing at $9.825 million. Paying users also increased 15% year over year, adding 5.1 million new users in the quarter.
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