Netflix Q3 2024 Earnings: EPS Beats Expectations

Netflix (NASDAQ:NFLX) third quarter 2024 results.

Key financial results

• Revenue: $9.82 billion (up 15% from Q3 2023).

• Net income: $2.36 billion (up 41% from Q3 2023).

• Profit margin: 24% (from 20% in Q3 2023). The increase in margin was due to higher sales.

• EPS: $5.52 (vs. $3.80 in Q3 2023).

All numbers shown in the chart above are for the most recent 12-month period (TTM).

Netflix’s earnings per share beat expectations

Sales were in line with analyst estimates. Earnings per share (EPS) beat analyst estimates by 5.6%.

Looking forward, revenue is forecast to grow at an average annual rate of 10% over the next three years, compared to an 8.8% growth forecast for the U.S. entertainment industry.

performance of the American entertainment industry.

The company’s shares are up 5.7% compared to the previous week.

Balance sheet analysis

Just as investors need to consider earnings, it is also important to consider the strength of a company’s balance sheet. We did some analysis and You can see our take on Netflix’s balance sheet.

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