Netflix Inc

NFLX

Equity

ISIN US64110L1061 / Valor 1413346

NASDAQ (2024-11-22)

USD 897.79+0.03%

Netflix Inc
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About company

Netflix Inc. stands as a global leader in the entertainment sector, offering a subscription-based streaming service that provides its members with access to a diverse library of television series, films, and games. With more than 260 million paid memberships spanning over 190 countries, Netflix has cemented its position in the market by catering to a wide range of tastes and preferences across different genres and languages. The platform allows users unparalleled flexibility in how they consume content, enabling them to watch their chosen shows and movies on demand, without any commitment to a fixed schedule. This user-centric approach, allowing members to play, pause, and resume viewing without constraints, anytime and anywhere, underscores Netflix's commitment to providing a tailored and convenient viewing experience. Additionally, the company's policy of allowing subscribers to modify their plans at any time further enhances its appeal by offering adaptability to changing viewer needs and circumstances.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Netflix Inc's revenue for Q2 2024 grew by 17% year-over-year, reaching $9.559 billion. This growth was primarily driven by a 16% increase in average paid memberships. The company now expects full-year 2024 reported revenue growth to be between 14% and 15%, up from the previous estimate of 13% to 15%.

Operating Income and Margin

In Q2 2024, Netflix Inc reported an operating income of $2.6 billion, marking a 42% increase compared to Q2 2023. The operating margin improved to 27.2%, up from 22.3% in the same quarter last year. This improvement was attributed to higher-than-expected revenue.

Net Income and EPS

Netflix Inc's net income for Q2 2024 was $2.147 billion, compared to $1.488 billion in Q2 2023. The diluted earnings per share (EPS) for the quarter was $4.88, a 48% increase from $3.29 in the same period last year. The net income included a $43 million non-cash unrealized gain from foreign exchange remeasurement on Euro-denominated debt.

Free Cash Flow

For Q2 2024, Netflix Inc reported free cash flow of $1.213 billion, down from $1.339 billion in Q2 2023. Despite the decrease, the company continues to focus on generating healthy free cash flow to support its growth initiatives and investments in content and technology.

Q3 2024 Forecast

Looking ahead, Netflix Inc expects Q3 2024 revenue to grow by 14% year-over-year. The company also anticipates an operating margin of 28.1% for the upcoming quarter. For the full year 2024, Netflix has updated its revenue growth forecast to 14% to 15% and expects an operating margin of 26%, up from the previous estimate of 25%.

Summarized from source with an LLMView Source

Key figures

87.8%1Y

36.2%3Y

189%5Y

Performance

29.2%1Y

51.3%3Y

46.9%5Y

Volatility