Netflix, Inc. (NFLX) Morgan Stanley Expertise, Media & Telecom Convention (Transcript)
Netflix, Inc. (NASDAQ:NFLX) Morgan Stanley Expertise, Media & Telecom Convention March 5, 2025 4:50 PM ET
Firm Members
Spence Neumann – CFO
Convention Name Members
Ben Swinburne – Morgan Stanley
Ben Swinburne
Okay. For necessary disclosures, please see the Morgan Stanley Analysis Disclosure web site. I am Ben Swinburne, Morgan Stanley’s Media & Telecom Analyst. And I am actually excited to welcome again to the convention, Spence Neumann, CFO of Netflix. Spence, thanks for coming.
Spence Neumann
Thanks, man. Good to see you, Ben.
Ben Swinburne
Good to see you. Thanks for making a flight up the coast.
Spence Neumann
Sure, simple flight. That is fairly simple for us. We’ll take it. We’re up right here on a regular basis.
Query-and-Reply Session
Q – Ben Swinburne
We’re simply speaking about what number of years you’ve got been coming to the convention. And I feel 2 years in the past, 2023, the enterprise was rising kind of like mid-single-digits, and the temper was fairly glum on the market. For those who have a look at 2024, you guys reported definitely the fourth quarter, virtually 20% top-line progress. You added 6 factors of margin. So I imply, plenty of onerous work to essentially speed up the enterprise. Why do not we begin form of excessive stage and kind of discuss what’s allowed the enterprise at your scale, actually speed up in that stage this shortly.
Spence Neumann
Positive. I will soar proper into that. I am not going to return to the 2020 convention that was the primary one we did once I was at Netflix, which was simply the beginning of COVID, and it was a reasonably bizarre convention.
So we’re not going to go to that. We’ll go to what you talked about. So the reacceleration of progress, it’s one thing we have been very centered on. After we form of slowed down, there have been two issues we checked out as type
