Netflix’s ad-supported tier hits 70 million monthly active users globally

Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options.

The plan, priced at $6.99 per month in the US, now accounts for more than half of all new Netflix sign-ups in regions where it is available. It reached 40 million global monthly active users in May.