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Netflix Forecasts 2025 Revenue to Be at Least $43 Billion, up 11%+

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Todd Spangler NY Digital Editor Netflix is expecting to keep growing revenue at double-digit percentages in 2025. In reporting Q3 2024 results that beat analyst forecasts, the company provided a forecast of revenue for next year: For 2025, Netflix is forecasting revenue of $43 billion-$44 billion, which would represent growth of 11%-13% compared with its 2024 revenue guidance of $38.9 billion. (Its projected revenue for next year is based on foreign-exchange rates as of Sept.

30, 2024.) “We expect revenue growth to be driven by a healthy increase in paid memberships and [average revenue per member],” the company said in its quarterly shareholder letter.

The majority of the revenue growth will come from customer gains, CFO Spence Neumann said on the earnings interview Thursday.

In addition, Netflix said it’s targeting a 2025 operating margin of 28% vs. its forecast for 27% in 2024. “After delivering outsized margin improvement in 2024, we want to balance near-term margin growth with investing appropriately in our business.

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