Can Netflix Become a Trillion-Dollar Company?

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 847 Ratings

🗓️ 23 April 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by LightShed media analyst Rich Greenfield to talk about Netflix’s latest earning reports and how it can accomplish its ambitious goals for the future. With Netflix being valued at about $450 billion and continuing to be profitable, they debate whether Netflix can reach its lofty goals of 410 million subscribers and becoming a trillion-dollar company by 2030 (02:32). Matt finishes the show with a prediction on how the new rule for Oscar voting will affect the results (26:03). For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! [email protected] Host: Matt Belloni Guest: Rich Greenfield Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the brand new Zach Lowe Show.
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0:04.7	I'm back to have the same in-depth NBA conversations you're used to.
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0:13.5	And now you get to see every episode in full on video on Spotify and on my own YouTube channel.
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0:25.1	So make sure you follow and subscribe to the brand new Zach Lowe show on Spotify or wherever you watch or listen to your podcast.
0:33.2	Let's go!
0:36.1	It is Wednesday, April 23rd.
0:38.9	I know we're all afraid to check our stock portfolios these days, but the one bright spot
0:43.3	in media and entertainment has been Netflix.
0:45.6	It's up again today, over a thousand bucks a share, and the company's valued at about
0:49.3	$450 billion.
0:51.5	By comparison, that's about three times as valuable as Disney.
0:55.3	We talked about why last week with Lucas, Netflix, unlike the other entertainment companies,
0:59.6	is less dependent on advertising, and thus, the thinking goes, it's less vulnerable to the chaos
1:04.1	that's going on right now with tariffs and such.
1:06.6	And it's just on a much more solid footing these days.
1:09.4	That was certainly evidenced by the company's first quarter earnings reveal last week.
1:13.6	Great numbers, profit way up, more than $3 billion for the quarter.
1:17.1	Although for the first time, the company did not reveal subscriber numbers.
1:20.7	An antenna, the analytics firm, said that Netflix, at least in the U.S., actually lost subscribers.
	...

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