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Global streaming giant Netflix has announced an increase in its content budget to $18 billion for fiscal year 2025, up from $17 billion in 2024.
The move comes as part of the company’s strategy to maintain its competitive edge and fuel its expansion in an increasingly crowded entertainment industry,The Economic Times reported.
During an investor call on January 21, Netflix‘s Chief Financial Officer, Spencer Adam Neumann, highlighted the company’s focus on investing in high-quality content to drive subscriber growth and retain its position as a market leader.
