Illustration by Nick Barclay / The Verge
Netflix’s subscription plan with ads has reached a new milestone: it hit 70 million monthly users since its launch two years ago. That’s a big jump compared to the 40 million monthly ad-supported users Netflix reported in May.
Additionally, the streaming service said that the ad-supported plan accounted for 50 percent of all new signups in countries where it’s available. Netflix rolled out its ad-supported tier in the US, Australia, Brazil, the UK, Canada, France, Germany, Japan, and others in November 2022.
It’s no surprise that the ad-supported plan has seen such growth, as the streamer has started nudging users toward the $6.99 per month option by discontinuing its cheapest ad-free tier. The company has also started to build out the…