20 Jan. (Portaltic/EP) –
Netflix It relies on its two new subscription plans to boost its growth and consolidate users, one of them cheaper with ads, already implemented in several countries, and another that charges for account sharing, which it plans to extend in the first quarter of the present year.
netflix plans extend payment for shared accounts in the first quarter of this year, being aware that, as happened during the test of this novelty in Latin America, some users may react by canceling their subscription.
However, the company anticipates that “as borrowing households begin to activate their own independent accounts and additional member accounts are added” they will see better overall revenue, as noted in the shareholder document on the financial results corresponding to the fourth quarter of 2022.
Netflix figures in more than 100 million households that share accountwhich it believes “undermines” its long-term ability to invest in and improve the platform and build its business. To support the implementation of payment for shared accounts, the company says it has “worked hard to build additional new features that improve the experience” on the platform, including checking the devices using the account Y profile transfer to a new account.
“As we roll out paid sharing, members in many countries will also have the option to pay more if they want to share Netflix with people they don’t live with,” the company details.
Netflix also relies on its most affordable subscription plan with ads. “We successfully launched our new economic plan with announcements in November and are satisfied with the first resultswith a lot to do still”, points out the company in the financial results.
“While it’s still early for announcements and we have a lot to do, we are satisfied with our progress to date in all dimensions: member experience, value for advertisers and incremental contribution to our business”, they point out from Netflix, who recognize that user engagement is better than they had anticipated. “We have seen few changes to other plans “, they affirm.
