Netflix co-CEO Ted Sarandos said the giant streamer’s long-term ambition is to become a trillion-dollar company and that it’s achievable, if it executes well, given the growth opportunities in the global television market.
“Just the parts that we do, there’s $650 billion in consumer spending. We’re 5% of that now. We are about 10% of total TV watching time in our most penetrated, most mature markets. So, there’s enormous room to grow, just in the thing that we do,” he told Semafor’s Ben Smith in a Q&A today at the outlet’s 2025 Word Economy Summit.
The Wall Street Journal reported earlier this month that Netflix management set a target of $1 trillion market capitalization — something achieved by very few companies — by 2030.
“In the previous five years, we have doubled our revenue. We grew profits 10 times, and we grew our market cap
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