I have bad news for all Netflix subscribers. In the latest report from industry analysts, there is a high probability that Netflix will increase its subscription prices in 2024. This will not come long after the price increase in October 2023. Netflix will increase subscription prices while trimming the content from the platform. Recently, it staged 13 shows, including fan favorites such as 1899.

According to a report by Variety, a team led by UBS analyst John Hodulik stated “We expect to see rate hikes this year” in a research note dated February 27. According to him, based on the good profit margin of 7% in the year 2023 for their ad-supported tier, Netflix will most likely try to increase these numbers by 15% in the year 2024. Annual Price (USD) UK Price (GBP) France Price (EUR)2021 $8.99£5.99€7.992022$9.99£6.99€8.992023$10.99£7.99€9.992024 (from October 2023-present)$11.99£8.99€10 .99 Netflix Subscription Fee Increase Trend (2021-2024)

We're all aware that Netflix raised their prices in October 2023, increasing the price of their basic plan from $9.99 to $11.99 per month in the US. Not only the US, but countries such as the UK and France were also hit by an increase in subscription prices. Currently we don't have an official statement from Netflix but it's pretty much confirmed that a price increase for Netflix subscriptions is inevitable in 2024.

Netflix Co-CEO Greg Peters said that in Q4 2023, Netflix had "largely put price increases on hold because we saw it as a form of compensatory price increase. Now that we're done with that, we can resume our kind of standard approach to price increases . And price increases, you've seen us do that in the U.S., the U.K., and France. Those changes went well beyond what we predicted." He also added-