Yes, November 2022 saw Netflix launch a cheaper subscription plan that includes ads. The “Netflix Basic with ads plan” costs $6.99 per month, compared to $9.99 for the ad-free “Basic” plan. It allows HD streaming on one device at a time, and you can also play Netflix games ad-free. In the meantime, this plan doesn’t include downloads, and some movies and TV shows are restricted due to licensing restrictions.
The ad-supported plan is available in Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, the UK, and the US.