Netflix Second Quarter 2024 Earnings: EPS Beats Expectations

Netflix (NASDAQ:NFLX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$9.56b (up 17% from 2Q 2023).
• Net income: US$2.15b (up 44% from 2Q 2023).
• Profit margin: 23% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$4.99 (up from US$3.35 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Netflix EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Netflix's balance sheet.

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