奈飞公司 Netflix, Inc.（NFLX）2025年第四季度及全年财报电话会议纪要「NASDAQ」（英文版）（15页）.pdf

1、 COPYRIGHT 2026 S&P Global Market Intelligence,a division of S&P Global Inc.All rights 2025 Earnings Call TranscriptsTuesday,January 20,2026 9:45 PM GMTS&P Global Market Intelligence Estimates-FQ4 2025-FQ1 2026-FY 2025-FY 2026-CONSENSUSACTUALSURPRISECONSENSUSGUIDANCECONSENSUSACTUALSURPRISECONSENSUSE

2、PS Normalized 0.550.561.820.760.762.542.53(0.39%)3.11Revenue (mm)11966.8512050.760.7012185.9912157.0045099.2145183.040.1951091.66Currency:USDConsensus as of Jan-21-2026 6:05 AM GMT -EPS NORMALIZED -CONSENSUSACTUALSURPRISEFQ1 20250.570.6615.79%FQ2 20250.710.721.41%FQ3 20250.700.59(15.71%)FQ4 20250.55

3、0.561.82%ContentsCOPYRIGHT 2026 S&P Global Market Intelligence,a division of S&P Global Inc.All rights of Contents Call Participants.3Presentation.4Question and Answer.5NETFLIX,INC.FQ4 2025 EARNINGS CALL JAN 20,2026Copyright 2026 S&P Global Market Intelligence,a division of S&P Global Inc.All Rights

4、 ParticipantsEXECUTIVESGregory K.PetersCo-CEO,President&DirectorSpencer WangVice President of Finance,CorporateDevelopment&Investor RelationsSpencer Adam NeumannChief Financial OfficerTheodore A.SarandosCo-CEO,President&DirectorNETFLIX,INC.FQ4 2025 EARNINGS CALL JAN 20,2026Copyright 2026 S&P Global

5、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 Q4 2025 Earnings Interview.Im Spencer Wang,VP of Finance and Capital Markets.Joining me today are Co-CEOs,Ted Sarandos and Greg

6、Peters;and CFO,Spence Neumann.As a reminder,well be making forward-looking statements and actual results may vary.NETFLIX,INC.FQ4 2025 EARNINGS CALL JAN 20,2026Copyright 2026 S&P Global Market Intelligence,a division of S&P Global Inc.All Rights and AnswerSpencer WangVice President of Finance,Corpor