1、 COPYRIGHT 2025 S&P Global Market Intelligence,a division of S&P Global Inc.All rights 2025 Earnings Call TranscriptsTuesday,October 21,2025 8:45 PM GMTS&P Global Market Intelligence Estimates-FQ3 2025-FQ4 2025-FY 2025-FY 2026-CONSENSUSACTUALSURPRISECONSENSUSGUIDANCECONSENSUSGUIDANCECONSENSUSEPS Nor

2、malized 6.975.87(15.78%)5.455.4526.10NANANANANA32.40Revenue (mm)11511.2011510.31(0.01%)11960.0011960.0045100.00NANA45100.00NANA50843.49Currency:USDConsensus as of Oct-21-2025 10:44 PM GMT -EPS NORMALIZED -CONSENSUSACTUALSURPRISEFQ4 20244.214.271.43%FQ1 20255.686.6116.37%FQ2 20257.057.191.99%FQ3 2025

3、6.975.87(15.78%)ContentsCOPYRIGHT 2025 S&P Global Market Intelligence,a division of S&P Global Inc.All rights of Contents Call Participants.3Presentation.4Question and Answer.5NETFLIX,INC.FQ3 2025 EARNINGS CALL OCT 21,2025Copyright 2025 S&P Global Market Intelligence,a division of S&P Global Inc.All

4、 Rights ParticipantsEXECUTIVESGregory K.PetersCo-CEO,President&DirectorSpencer WangVice President of Finance,CorporateDevelopment&Investor RelationsSpencer Adam NeumannChief Financial OfficerTheodore A.SarandosCo-CEO,President&DirectorNETFLIX,INC.FQ3 2025 EARNINGS CALL OCT 21,2025Copyright 2025 S&P

5、Global Market Intelligence,a division of S&P Global Inc.All Rights WangVice President of Finance,Corporate Development&Investor RelationsGood afternoon,and welcome to the Netflix Q3 2025 Earnings Interview.Im Spencer Wang,VP of Finance,IR and CorporateDevelopment.Joining me today are Co-CEOs,Ted Sar

6、andos;and Greg Peters;and CFO,Spence Neumann.As a reminder,we will be makingforward-looking statements,and actual results may vary.Well now take questions submitted by the analyst community,and we willstart with our results and outlook.NETFLIX,INC.FQ3 2025 EARNINGS CALL OCT 21,2025Copyright 2025 S&P