Dan Kernos

Dan Kernos asked for a directional sizing or outlook for Decipher Plus this year, including potential major partnerships, and sought an update on Care's growth trends for the year and its longer-term growth aspirations.

Answer

Neil Vogel, CEO of People Inc., stated that Decipher Plus is their fastest-growing off-platform business, expected to contribute 2-3 percentage points to the mid-to-high single-digit growth this year, opening up new TAM in CTV and the open web. Christopher Halpin, EVP, COO and CFO, IAC, explained that Care's consumer business is expected to return to growth by mid-year due to product improvements and marketing, while enterprise faces macro challenges but aims for growth this year. He set longer-term aspirations for Care at 15%-20% growth, driven by market position and increasing demand for care services.

Dan Kernos asked about Netflix's recent partnership with Spotify and the company's strategy for aggressively building out the podcast category.

Answer

Co-CEO Greg Peters described the Spotify deal as a video co-exclusive partnership for curated top podcasts, aiming to broaden entertainment options. He stated that Netflix will build out this category based on member demand signals, integrating high-quality video podcasts to reinforce its value as a comprehensive entertainment service.

Dan Kernos asked about the implications of the recent Spotify partnership and Netflix's strategy for building out the podcast category.

Answer

Co-CEO Greg Peters described the deal as a video co-exclusive partnership with Spotify for a curated selection of top podcasts. He stated Netflix will build out this category based on member demand signals, viewing it as an opportunity to integrate high-quality video podcasts to broaden the Netflix offering beyond films, series, live events, stand-up, and games, reinforcing its value as an entertainment service.