Netflix backs FY25 revenue view to $43.5B-$44.5B, consensus $44.29B

Netflix (NFLX) said in its quarterly letter to investors: “We continue to forecast 2025 revenue of $43.5B-$44.5B, which assumes healthy member growth, higher subscription pricing and a rough doubling of our ad revenue, partially offset by F/X net of hedging. We’re still targeting a 29% operating margin for 2025 based on F/X rates as of January 1, 2025. There’s been no material change to our overall business outlook since our last earnings report, although at current F/X rates (with the recent weakness of the US dollar relative to most other currencies), we’re currently tracking above the mid-point of our 2025 revenue guidance range.”