Netflix, which has seen share prices rocket back to pandemic-era heights over the past few months, reported another 5.1 million subscribers today, puffing up its global customer base to nearly 283 million. That keeps it easily as the biggest streaming service on the planet.
I reiterate a ‘Strong Buy' rating for Netflix with a fair value of $830 per share, driven by robust subscriber growth and an emerging advertising business. Netflix's in-house advertising platform, set to launch by FY25, will enhance monetization and user experience, despite near-term operating expense increases. Q3 results showed 15% revenue growth and 35% quarter-over-quarter growth in ads memberships, highlighting the potential of Netflix's advertising business.
Earnings of $5.40 per share for NFLX surged past the $5.09 in the Zacks consensus, demonstrating +45% growth year over year.
Netflix, Inc. (NASDAQ:NFLX ) Q3 2024 Earnings Conference Call October 17, 2024 4:45 PM ET Company Participants Spencer Wang - VP of Finance, IR and Corporate Development Ted Sarandos - Co-CEO Greg Peters - Co-CEO Spencer Neumann - CFO Conference Call Participants Spencer Wang Good afternoon, and welcome to the Netflix Q3 2024 Earnings Interview. I'm Spencer Wang, VP of Finance, IR and Corporate Development.
Netflix makes money. A lot of money.
Although the revenue and EPS for Netflix (NFLX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Rich Greenfield, Lightshed Partners, joins 'Fast Money' to talk Netflix earnings.
Netflix (NFLX) came out with quarterly earnings of $5.40 per share, beating the Zacks Consensus Estimate of $5.09 per share. This compares to earnings of $3.73 per share a year ago.
After delivering a solid third-quarter earnings report, Netflix execs fielded the question top of mind for most investors (though definitely not for inflation-wracked subscribers): When will they raise prices in the U.S.? “Our approach to pricing has been remarkably consistent over many, many years,” Co-CEO Greg Peters said.
Mark Zagorski, DoubleVerify CEO, joins 'Closing Bell Overtime' to talk Netflix earnings and how its ad-tier is performing.
Ben Silverman, Propagate Content Chairman & Co-CEO, joins 'Closing Bell Overtime' to talk Netflix earnings.
Netflix adds 5.1M subscribers, beating Q3 expectations with $9.83B revenue, boosting shares 4%, while TSMC's 54% profit surge on AI demand sends stock up 10%. Elevance Health drops 10% after Q3 earnings miss.