Netflix plans to spend around $18 billion on content this year – and chief financial officer Spencer Neumann thinks that number could increase down the line. “We are not anywhere near a ceiling,” Neumann said during the Morgan Stanley Tech, Media, and Telecom Conference this week, as reported by Variety. “I think we are still just getting started.”

Netflix is all in on content. The streaming giant revealed it will spend a staggering $18 billion on content in 2025—a rise of 11% from its 2024 budget of $16.2 billion.

Netflix won't be slowing down on producing new TV shows or movies any time soon. According to current projections, the company believes it'll spend somewhere in the region of $18 billion on its various endeavors in 2025 alone.

Spencer Neumann had the chance to discuss multiple topics Netflix has at the front of its mind at the Morgan Stanley Technology, Media, and Telecom conference on Wednesday. What will the number be that makes Netflix decide to put a cap on its content spending?

Netflix is doubling down on providing more content this year. According to the streaming giant’s CFO Spencer Neumann, Netflix is expecting to spend $18 billion USD in cash on content for 2025.

Netflix expects to spend $18 billion in cash on content in 2025 and is 'not anywhere near a ceiling,' according to CFO Spencer Neumann.