Jessica [Analyst Name]'s questions to Netflix Inc (NFLX) leadership • Q3 2024
Question
Jessica [Analyst Name] asked for a breakdown of the 2025 revenue guidance, particularly the expected contributions from membership growth versus ARM (Average Revenue per Membership).
Answer
Spencer Neumann (executive) detailed the 2025 revenue forecast of $43-$44 billion (11-13% growth), clarifying that the majority of growth will be membership-driven, supplemented by ARM growth from plan evolution, pricing, and a more meaningful contribution from ads.