NFLX - Revenue Growth Will Be a Key Focus for Netflix in 2024
2023-09-15 05:41:00 ET
Though investors will have to wait until next month to get a full-fledged quarterly update on Netflix (NASDAQ: NFLX) , there's a lot of good information to digest in the meantime, thanks to an in-depth interview with the company's Chief Financial Officer Spencer Neumann by Bank of America analysts on Wednesday. In the wide-ranging interview, the CFO covered a lot of topics. But one theme that surfaced repeatedly was the company's focus on its top-line growth -- particularly next year.
Netflix's revenue growth rates have slowed to a crawl recently, with year-over-year growth rates coming in at 1.9%, 3.7%, and 2.7% in the fourth quarter of 2022 and the first and second quarters of 2023, respectively. But it's clearly one of Netflix's priorities to get this key metric up to a more respectable level.
"[W]e really have to get back to what is more balanced kind of revenue growth in '24 and beyond," Neumann said on Wednesday.
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Revenue Growth Will Be a Key Focus for Netflix in 2024