1. Netflix's Q4 FY24 earnings report showed strong growth with revenue up 16% YoY and operating income up 52%; 2. Multiple growth drivers, including a thriving ad business, live events, and a robust content library, are expected to sustain Netflix's momentum through 2025 and beyond; 3. Despite high valuation, Netflix's superior operational performance, expanding margins, and strong cash generation make it justifiable to take calculated risks at current price levels.