Netflix says will roughly double advertising revenue in 2025

Says over has over 300M paid households. Says less than 10% of TV audience. Says retention stable and strong. Says engagement remains strong and healthy. Says entertainment has been historically resilient in tougher economic times. Says typically has heavier film slate in Q4. Says will roughly double advertising revenue in 2025. Says Q1 beat is mostly timing of spend, says spend will pick up in second half. Says live strategy is beyond just sports. Says remains focused on big breakthrough events. Says live is a relatively small part of content spend. Says intends to grow live capability to do it around the world. Says lines between podcasts and talk shows getting kind of blurry. Says as video podcasts grow will see them make their way to Netflix (NFLX). Comments taken from Q1 earnings conference call.