Alan [Last Name Unknown]'s questions to Netflix Inc (NFLX) leadership • Q1 2025
Question
Alan [Last Name Unknown] asked for confirmation of Netflix's capital allocation policy, specifically regarding the use of growing free cash flow for share repurchases.
Answer
CFO Spencer Neumann confirmed there is no change to the capital allocation policy. He reiterated that the priorities are reinvesting for profitable growth and maintaining liquidity, after which excess cash is returned to shareholders via share repurchases, absent any meaningful M&A.