[Unidentified Analyst]'s questions to Netflix Inc (NFLX) leadership • Q3 2024
Question
[Unidentified Analyst] inquired about the long-term operating margin trajectory and the rationale for the 2025 margin guidance following a strong expansion in 2024.
Answer
Spencer Neumann (executive) reiterated the strategy of gradual, long-term margin increases. He explained that after 2024's significant expansion, the 2025 plan balances growth with active reinvestment into core content, product discovery, and new initiatives like live events, ads, and games.