We love having an entry price thats lower.

That means we are more accessible to more people in our ads markets.

Thats a great thing because they can have access to all of the great storytelling we are doing there.

Netflix’s LA headquarters

Netflix’s LA headquartersJakub Porzycki/NurPhoto via Getty Images

(MAUs is a common metric in ad-supported streaming.)

Apple TV+ remains the only major streaming service with no cheaper, ad-free option.

While results have been encouraging, building a business from scratch takes time, the letter noted.

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