Keith Weiss's questions to Cloudflare Inc (NET) leadership • Q2 2025
Question
Keith Weiss of Morgan Stanley inquired about the business model for Cloudflare's 'Agentic Web' (Act Four), asking for details on how it would be enabled for customers and monetized by the company.
Answer
Co-Founder & CEO Matthew Prince explained that it is too early to define a precise model, comparing it to the evolution of music streaming. He noted the current focus is on driving adoption and establishing Cloudflare's platform as the core infrastructure for agentic transactions, leveraging the fact that a significant portion of the internet already operates on their network. Prince stated it was too early to model specific revenue from this initiative.