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Netflix's ad-supported tier hits 70 million users

Streaming giant Netflix said it is experiencing a faster rate of adoption for its ad-based plan as customers seek more affordable options
Streaming giant Netflix said it is experiencing a faster rate of adoption for its ad-based plan as customers seek more affordable options

Netflix said today that its ad-supported tier now has 70 million monthly active users globally, nearly doubling the number reported earlier this year.

The streaming giant is experiencing a faster rate of adoption for its ad-based plan as customers seek more affordable options.

Netflix has said that over 50% of new sign-ups for its service are for the ad-supported plan in regions where it is available.

In May, the company reported that this tier had reached 40 million global monthly active users.

Netflix has said earlier it does not anticipate advertising to become a primary growth driver until 2026.