2 days Ago By Etan Vlessing
At the top of Netflix ‘s quarterly earnings call with analysts, co-chiefs Ted Sarandos and Greg Peters downplayed a report that the company was eyeing a $1 trillion market capitalization by 2030 and attempted to reorient Wall Street’s expectations. “We often have internal meetings and we talk about long term aspirations,” Sarandos told an after-market analyst call, in reference to the April 14 Wall Street Journal story “Netflix Aims to Join the $1 Trillion Club” that arrived days before its first quarter 2025 earnings. “It’s important to note that this is not the same as forecast.
Our operating plans are the same as our external forecasting guidance,” he added in response to a question from an analyst. Sarandos’ comments followed Netflix’s first quarterly earnings report that, without disclosing subscriber numbers, pointed Wall Street toward revenue and operating income as the streaming giant seeks to control the story of its growth potential. The Journal story suggested Netflix execs were “optimistic” about their growth prospects, despite the economy and policy “uncertainty” unleashed by U.
S. president Trump’s tariffs turmoil. “We don’t have a five year forecast or five year guidance, but you can assume that we are long range thinking and that we’re working hard every day to build the most loved and valued entertainment company for all of our stakeholders,” Sarandos said.
Co-CEO Greg Peters didn’t want to let a media leak stop him putting a positive gloss on Netflix’s long term growth prospects. “We do have big, long term aspirations, and those aspirations are really grounded in the potential for growth that we in the business,” Peters argued..
