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1、 COPYRIGHT 2025 S&P Global Market Intelligence,a division of S&P Global Inc.All rights 2025 Earnings Call TranscriptsThursday,April 17,2025 8:45 PM GMTS&P Global Market Intelligence Estimates-FQ1 2025-FQ2 2025-FY 2025-FY 2026-CONSENSUSACTUALSURPRISECONSENSUSGUIDANCECONSENSUSCONSENSUSEPS Normalized 5

2、.686.6116.376.967.0327.00NANA30.28Revenue (mm)10503.3610542.800.3811037.0011035.0044308.94NANA49568.54Currency:USDConsensus as of Apr-18-2025 12:40 AM GMT -EPS NORMALIZED -CONSENSUSACTUALSURPRISEFQ2 20244.764.882.52%FQ3 20245.135.405.26%FQ4 20244.214.271.43%FQ1 20255.686.6116.37%ContentsCOPYRIGHT 20

3、25 S&P Global Market Intelligence,a division of S&P Global Inc.All rights of Contents Call Participants.3Presentation.4Question and Answer.5NETFLIX,INC.FQ1 2025 EARNINGS CALL APR 17,2025Copyright 2025 S&P Global Market Intelligence,a division of S&P Global Inc.All Rights ParticipantsEXECUTIVESGregor

4、y K.PetersCo-CEO,President&DirectorSpencer WangVice President of Finance,CorporateDevelopment&Investor RelationsSpencer Adam NeumannChief Financial OfficerTheodore A.SarandosCo-CEO,President&DirectorNETFLIX,INC.FQ1 2025 EARNINGS CALL APR 17,2025Copyright 2025 S&P Global Market Intelligence,a divisio

5、n of S&P Global Inc.All Rights WangVice President of Finance,Corporate Development&Investor RelationsGood afternoon,and welcome to the Netflix Q1 2025 Earnings Interview.Im Spencer Wang,VP of Finance,IR and CorporateDevelopment.Joining me today are Co-CEOs,Ted Sarandos and Greg Peters;and CFO,Spence

6、 Neumann.As a reminder,we will be making forward-looking statements,and actual results may vary.NETFLIX,INC.FQ1 2025 EARNINGS CALL APR 17,2025Copyright 2025 S&P Global Market Intelligence,a division of S&P Global Inc.All Rights and AnswerSpencer WangVice President of Finance,Corporate Development&In