[Unidentified Analyst]'s questions to Netflix Inc (NFLX) leadership • Q3 2024
Question
[Unidentified Analyst] asked about the outlook for free cash flow and any potential changes to capital allocation policy, including leverage or dividends.
Answer
Spencer Neumann (executive) confirmed no change to capital allocation policy. Priorities remain reinvesting for growth, maintaining liquidity, and returning excess cash via share repurchases. He explicitly ruled out increasing leverage for buybacks or issuing a dividend, stressing the importance of balance sheet flexibility.