Netflix, Inc. (NASDAQ:NFLX) Q4 2024 Earnings Conference Call January 21, 2025 4:45 PM ET
Company Participants
Spencer Wang – Vice President, Finance, IR & Corporate Development
Ted Sarandos – Co-Chief Executive Officer
Greg Peters – Co-Chief Executive Officer
Spence Neumann – Chief Financial Officer
Spencer Wang
Good afternoon, and welcome to the Netflix Q4 2024 Earnings Interview. I’m Spencer Wang, Vice President of Finance, IR and Corporate Development. Joining me today are co-CEOs, Ted Sarandos and Greg Peters; and CFO, Spence Neumann. As a reminder, we will be making forward-looking statements and actual results may vary.
Question-and-Answer Session
Spencer Wang
We will now take questions submitted by the analyst community. And we will begin with our first question from Dan Salmon of New Street Research. Dan asks, “Given the need to ensure safety and well-being of cast and crews, has there been any disruption to your L.A-based productions owing to the wildfires? If so, can you please quantify the impact on this year’s cash content spending?”
Ted Sarandos
Thanks a lot, and thanks, Dan. Let me start by saying this is a really difficult time for a lot of people in Southern California. So, many people in our industry, including our employees were deeply impacted by these fires and the hardest hit areas of these fires, the areas around Pacific Palisades, Altadena, Malibu are very heavily populated with the folks above and below-the-line who we work with every single day. So, we’re doing everything we can to help with relief and we’re getting those folks who can back to work.
To your question directly, no meaningful delays in the delivery of the projects and no meaningful impact to the cash in ’25, but very meaningful disruption in people’s lives. So, our goal is to keep everything on schedule safely, be mindful of folks who need time
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