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Key Facts on Netflix’s Financial Performance
Netflix (NASDAQ: NFLX) has seen a stock price increase of 91% over the past year, fueled by its growing revenue and profits. The company’s upcoming financial report on July 17 will be a critical test for its recent gains.
In Q1, Netflix reported revenue of $10.5 billion, a 13% increase year-over-year, and an earnings per share (EPS) of $6.61, reflecting a 25% jump. For Q2, projections suggest revenue will reach $11.04 billion, with expected EPS of $7.03—signifying year-over-year growth of 15% and 44%, respectively. Analysts anticipate a consensus EPS of $7.06.
The success of Netflix’s ad-supported tier has been notable, with 94 million active users, representing a 135% growth over the past year. The service has successfully attracted 55% of new subscribers where available, and management aims to double revenue and triple ad revenue by 2030. Currently, Netflix is valued at 42 times next year’s expected earnings.
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