Gregory Peters on gaming market opportunity
From Netflix Inc ($NFLX) Q1 2026 Earnings Call · · Castify Earnings Call
“We really see this as a significant market opportunity. It's about 150 billion in consumer spend ex-China, ex-Russia. That doesn't even include ad revenue. So, just in the current model and the ways that we're operating, that number is getting bigger as well. So, large expansion potential and where we see a significant part of that market is facing issues like new player acquisition or low friction game discovery and play that we believe we are well positioned to improve.”
On , Gregory Peters, Co-CEO, President & Director at Netflix Inc, spoke about gaming market opportunity during Netflix Inc ($NFLX) Q1 2026 Earnings Call on Castify Earnings Call.
About Gregory Peters
During Netflix's Q1 2026 earnings call on April 16, 2026, Peters stated that the company was maintaining its full-year guidance for 12 to 14% revenue growth and a 31.5% operating margin, which includes roughly doubling the advertising business to about $3 billion. He noted that the advertiser base grew over 70% year-over-year in 2025 to more than 4,000 advertisers, and that programmatic advertising was on its way to becoming more than 50% of the non-live ads business. Peters described the video game market as a significant opportunity, citing approximately $150 billion in consumer spend excluding China and Russia. He also addressed a decision to walk away from a deal when its cost exceeded the net value to the business, saying the move tested the company's investment discipline. On the Q1 2025 earnings call, Peters declined to comment on specific sports rights opportunities, reiterating that the company's live event strategy remained focused on breakthrough events that make economic sense. He stated that Netflix did not have a five-year forecast or guidance, but that the company was working to build "the most loved and valued entertainment company." Peters also said that in the absence of meaningful M&A, growing free cash flow would be redeployed into share repurchases.