02:16 PM EST, 02/20/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) YouTube ( GOOG ) intends to offer a lower-priced "premium lite" service, providing ad-free viewing for podcasts and how-to clips, Bloomberg reported Thursday.

The new tier will be available soon in the US, Australia, Germany and Thailand, the report said, citing a person familiar with the plan.

The new service "is part of our commitment to provide our users with more choice and flexibility," a YouTube ( GOOG ) spokesperson said in a statement, according to Bloomberg.

YouTube ( GOOG ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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