Netflix also said it will launch an in-house advertising technology platform by the end of 2025, in a bid to offer clients new ways to buy ads and better engage with users.
Netflix Upfront: New Ad-Tech Platform, Partnership Deals mediapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediapost.com Daily Mail and Mail on Sunday newspapers.
Netflix said on Wednesday its ad-supported tier has reached 40-million global monthly active users, from 5-million a year earlier, a sign that its push to attract new users with the cheaper plan is paying off.
Netflix sees a surge in ad-supported tier adoption, with global monthly active users reaching 40 million. The strategy to attract new users with a more affordable plan is successful amid fierce streaming competition.