Netflix (NASDAQ:NFLX) Q1 2024 Results
Main financial results
-
Revenue: USD 9.37 billion (up 15% from Q1 2023).
-
Net income: USD 2.33 billion (up 79% compared to Q1 2023).
-
Margin: 25% (up from 16% in Q1 2023). The increase in margin was driven by an increase in revenue.
-
EPS: USD 5.40 (up from USD 2.93 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Netflix EPS exceeds expectations
Sales were in line with analyst forecasts. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is expected to increase by an average of 10% per year over the next three years, compared to an 8.1% growth forecast for the U.S. entertainment industry.
performance of American entertainment industry.
The company's stock price has fallen 11% from a week ago.
balance sheet analysis
Although considering the income statement is very important, you can also learn a lot about a company by looking at the balance sheet. As a result of some analysis, we found that See our take on Netflix's balance sheet.
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
