Netflix (NFLX) Q3 2024 Earnings Call Transcript
Vice President, Finance, Investor Relations, and Corporate Development Good afternoon, and welcome to the Netflix Q3 2024 Earnings Interview. I'm Spencer Wang, VP of finance, IR and corporate development.
Netflix’s Push to Boost Earnings Pays Off
Revenue and operating margins continued to improve in the third quarter as subscriber growth slowed, a sign of the company’s success in pivoting toward prioritizing profitability over growth.
How Netflix's stock tends to perform around earnings
Despite muted performance for Netflix's stock after the most recent report, it's known to take big swings after earnings. Looking at the company's last 10 reports, shares moved by at least 7% in one direction or the other after eight of them.
Netflix Q3 Results Top Estimates, Stock Up In After-hours
Netflix Inc. (NFLX) reported that its net income for the third quarter rose to $2.36 billion or $5.40 per share from $1.68 billion or
Netflix: Q3 Earnings Snapshot
The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.09 per share. The internet video service posted revenue of $9.82 billion in the period, which also topped Street forecasts.
Netflix boosts its forecast on a profit metric
As streaming companies focus increasingly on improving their financials, Netflix has put a particular emphasis on operating margin. The company now anticipates a 27% operating margin for the year, up from its prior expectation of a 26% margin.
Netflix: The Virtuous Circle Is Not Working As Originally Planned
Netflix reported a significant earnings increase. Revenue and both cash flow measures lag the earnings increase percentage.
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Netflix’s (NFLX) High Stock Price Is Still Affordable Amid Push for Strong Content and the Ad-Supported Tier
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Netflix tops subscriber targets as ad-tier signups grow
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Netflix (NFLX) Q3 2024 earnings results beat revenue and EPS expectations
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Netflix Added 5M Subscribers in Q3 Despite Lingering Effects of Hollywood Strikes
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Key takeaways from Netflix's third-quarter earnings as stock gains
Netflix stock (NFLX) rose 4% in after-hours trading after the company easily topped expectations for profits and user growth ...
Netflix’s (NASDAQ:NFLX) Q3 Earnings Results: Revenue In Line With Expectations, Next Quarter’s Growth Looks Optimistic
Streaming video giant Netflix (NASDAQ: NFLX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 15% year on ...
Stocks to Watch Friday: Netflix, Intuitive Surgical, American Express
The streaming company reported its most-profitable quarter ever despite slowing subscriber growth, beating analysts' estimates for revenue, income ...
Can Netflix maintain its momentum as subscriber growth surges and ad-tier popularity rises?
The company anticipates even greater customer growth as the holiday season approaches, particularly with the much-anticipated ...
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Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Netflix, Inc. NFLX will release earnings results for its third quarter after the closing bell on Thursday, Oct. 17.