Vice President, Finance, Investor Relations, and Corporate Development Good afternoon, and welcome to the Netflix Q4 2024 earnings interview. I'm Spencer Wang, vice president of finance, IR, and corporate development.

Netflix (NFLX), the company behind the popular movie and TV streaming platform, has released its results for the fourth quarter of its fiscal year. Netflix closed out the year by beating expectations on EPS, revenue, and paid subscribers.

Netflix has a long-term (3-5 years) growth rate of 26.2%, well above Wall Street’s benchmark — the S&P 500 Index — growth rate of 12.3%. The company has a return on equity (ROE) of 39.5% compared with the S&P 500’s ROE of 30.2%. NFLX has a current net margin of 22.34% compared with the S&P 500’s net margin of 12.6%.