Overview
- Netflix aims to more than double its market capitalization to $1 trillion by 2030, driven by ambitious financial and operational goals.
- Executives plan to double annual revenue to $78 billion, generate $9 billion in global ad sales, and triple operating income from $10 billion in 2024.
- The company is targeting a global subscriber increase from 301 million to 410 million, focusing on international markets like India and Brazil.
- Key financial improvements stem from password-sharing crackdowns, price hikes, and rapid growth of its ad-supported streaming tier.
- Netflix is testing an OpenAI-powered search engine to enhance content discovery, with plans to roll it out to U.S. users soon.