Netflix reported an impressive performance for the third quarter of the year, surpassing Wall Street estimates when it comes to subscriber growth, revenue, and profit margins for the period.
For the three months ended September 30, the streaming service giant reported earnings per share (EPS) of $5.40, blowing past analysts’ forecasts of $5.12.
This marks an annual growth of 15% compared to the revenue in the corresponding period last year. Furthermore, Netflix’s net income rose to $2.36 billion from $1.68 billion a year earlier, clocking a YoY growth of 41%. Going forwards
Netflix’s operating margin for Q3 2024 also amounted to 30%, while its operating income rose to $2.9 billion for the same period. Its free cash flow surged to $2.19 billion as well.
“We’ve delivered on our plan to reaccelerate our business, and we’re excited to finish the year strong with a great Q4 slate,” Netflix said in a letter to shareholders.
For the full year (2025), Netflix expects its revenue to range between $43-44 billion. Netflix’s shares rose 3.5% in after-hours trading, and are currently priced at $687.65.
Netflix reported an impressive performance for the third quarter of the year, surpassing Wall Street estimates when it comes to subscriber growth, revenue, and profit margins for the period.
For the three months ended September 30, the streaming service giant reported earnings per share (EPS) of $5.40, blowing past analysts’ forecasts of $5.12.
For the same period, its revenue also exceeded market expectations, reaching $9.83 billion, compared to the predicted $9.77 billion.
This marks an annual growth of 15% compared to the revenue in the corresponding period last year. Furthermore, Netflix’s net income rose to $2.36 billion from $1.68 billion a year earlier, clocking a YoY growth of 41%. Going forwards
clocking a YoY growth of 41%. Going forwards, Netflix aims to secure $10.13 billion in revenue and $4.23 in EPS for the current quarter.
Netflix’s operating margin for Q3 2024 also amounted to 30%, while its operating income rose to $2.9 billion for the same period. Its free cash flow surged to $2.19 billion as well.
“We’ve delivered on our plan to reaccelerate our business, and we’re excited to finish the year strong with a great Q4 slate,” Netflix said in a letter to shareholders.
For the full year (2025), Netflix expects its revenue to range between $43-44 billion. Netflix’s shares rose 3.5% in after-hours trading, and are currently priced at $687.65.