Netflix — Apr 11, 2025 release

Serrano 3 , a historic women’s boxing rematch that will stream on July 11, and opted into a second NFL game for Christmas Day 2025. ◦ Our revenue and profit growth outlook remains solid, with no change to our 2025 guidance forecast for revenue of $43.5-$44.5B and operating margin of 29%. • We are working hard to improve and expand our entertainment offering with the goal to build the most valued entertainment company for members, creators and shareholders. Our summary results, and forecast for Q2, are below. (in millions except per share data) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Forecast Revenue $ 9,370  $ 9,559  $ 9,825  $ 10,247  $ 10,543  $ 11,035  Y/Y % Growth 14.8  % 16.8  % 15.0  % 16.0  % 12.5  % 15.4  % Operating Income $ 2,633  $ 2,603  $ 2,909  $ 2,273  $ 3,347  $ 3,675  Operating Margin 28.1  % 27.2  % 29.6  % 22.2  % 31.7  % 33.3  % Net Income $ 2,332  $ 2,147  $ 2,364  $ 1,869  $ 2,890  $ 3,055  Diluted EPS $ 5.28  $ 4.88  $ 5.40  $ 4.27  $ 6.61  $ 7.03  Net cash provided by operating activities $ 2,213  $ 1,291  $ 2,321  $ 1,537  $ 2,789  Free Cash Flow $ 2,137  $ 1,213  $ 2,194  $ 1,378  $ 2,661  Shares (FD) 441.7  439.7  437.9  437.8  437.0  __________________________________ 1 https://www.netflix.com/tudum/top10/most-popular/tv 2 https://www.netflix.com/tudum/top10/most-popular 3 https://www.netflix.com/tudum/top10/most-popular/films-non-english 4 https://www.netflix.com/tudum/top10/most-popular/films-non-english 1 Q1