Netflix's apps for both Android and iOS have already received updates that bring with them a new and very useful feature. There's a new option to be found in the App Settings section, namely Cellular Data Usage. This basically lets you change the bitrate of your video streams for when you're watching Netflix over your mobile data connection. There are a few options to pick from. The default is Automatic, which is around 600Kb/s, or three hours of streaming per gigabyte of data used. If you don't like this setting, you can go with Low (that's 4 hours per GB), Medium (2 hours per GB),...
Source: http://www.gsmarena.com/netflix_intros_cellular_data_usage_controls_for_its_android_and_ios_apps-news-18112.php