Netflix’s new ad-supported tier, Netflix Basic with Ads, will launch on November 3rd and cost $6.99 per month in the U.S. (Can$5.99 a month in Canada), however, it’s not supported on the Netflix app on Apple TV hardware.

At least as of today’s launch, a support document confirms that the Apple TV is not a supported device for Netflix Basic with ads.
Netflix simply says that Apple TV customers on the ads plan will have to use another device to stream, or upgrade their package to a more expensive ad-free paid tier.
Netflix with ads can be streamed on other Apple devices like iPhone and iPad, and Mac (through Safari).
MacDailyNews Note: The good news is that Netflix told 9to5Mac that support for the Netflix Basic with Ads plan is “coming soon” to Apple TV hardware.
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We only use AppleTV on all our TV’s. So, that Netflix subscription I canceled still will not be renewed. Besides, I like AppleTv+ content much better.
Ads with a streaming service is an annoying experience. Got to sit through the ads. Back when I recorded show, I could fast-forward through commercials. “Cutting the cord,” now with exclusive content on many separate pay services AND commercials.
It’s always a shame when you buy a subscription, waste your time and do not come to a result. But for this, there is support, which should promptly solve your problems. Here you can find all the information you need about netflix customer service