Netflix Quarterly Results Overview
In Q2 2023, Netflix (NASDAQ: NFLX) reported a 15.9% year-over-year revenue increase to $11.1 billion, surpassing its guidance of $11.0 billion. The company’s earnings per share (EPS) were $7.19, beating expectations of $7.03 and reflecting a 47% growth compared to the previous year. Additionally, free cash flow surged by nearly 87% year-over-year.
Looking ahead, Netflix forecasts a revenue growth of 17% and an EPS growth of 27% for Q3. Its full-year revenue outlook now ranges from $44.8 billion to $45.2 billion, driven by stronger-than-expected member growth.
As of now, Netflix’s forward price-to-earnings ratio is almost 45, significantly higher than the communication services sector average of 19.9, reflecting its market leadership and growth potential.
