Netflix says it plans to double its revenue and triple its operating profit in the next five years to join the pantheon of companies worth $1 trillion

Netflix CEOs Greg Peters and Ted Sarandos with Zoe Saldaña at the 97th Annual Oscars Governors Ball (Credit: Monica Schipper—Getty Images)

• Netflix has a five-year plan to raise its market cap to $1 trillion by doubling its revenue and tripling its operating income by 2030, according to the Wall Street Journal. The streaming service also plans to boost its ad sales to $9 billion within that time. Company executives and outside investors remain confident that Netflix will succeed despite concerns of a potential recession.

Netflix says it’s setting its sights to join Apple, Microsoft, and other major Wall Street giants valued at $1 trillion within the next five years by doubling its revenue and tripling its operating profits, according to a Wall Street Journal report.