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Netflix NFLX Q2 2024 earnings

Reported July 18, 2024 · After market close

Revenue$9.6BBeat by $30.6M
EPS$0.49Beat by $0.02
Revenue estimate$9.5B
EPS estimate$0.47

Next report

Oct 20, 2026 (In 2 weeks)
Revenue estimate$12.9B
EPS estimate$0.82

Financials

Q2 2024

Income statement

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Revenue$9.6B+16.8%
Gross profit$4.4B+24.8%
Operating income$2.6B+42.5%
Net income$2.1B+44.3%
EPS (diluted)$4.88+48.3%

Balance sheet

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Cash & equivalents$6.6B-13.5%
Total debt$16.5B-2.8%
Total equity$22.1B-3.2%
Total assets$49.1B-3.4%

Cash flow

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Operating cash flow$1.3B-10.4%
CapEx$78.3M-22.5%
Free cash flow$1.2B-9.5%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$290.24B+49.2%
Enterprise value$300.14B+47.3%
P/E40.9×-4.9×
P/S8×+1.9×

Profitability

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Gross margin43.8%+5.1pp
Operating margin23.8%+6.3pp
Net margin19.5%+6.3pp
FCF margin18.8%+5.5pp

Returns & leverage

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Return on equity31.6%+11.3pp
Debt / equity0.7×0.0×
Current ratio0.9×-0.4×

Segments

By segment

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Reportable Segment$9.6B+13.4%

By geography

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United States$4.0B—

By product

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Streaming$9.6B+17.2%

FAQ

When did Netflix report Q2 2024 earnings?
Netflix (NFLX) reported Q2 2024 earnings on July 18, 2024 after market close.
What were Netflix's Q2 2024 revenue and EPS?
Netflix reported revenue of $9.6B and eps of $0.49 for Q2 2024.
Did Netflix beat estimates in Q2 2024?
Revenue beat the consensus estimate of $9.5B by $30.6M. EPS beat the consensus estimate of $0.47 by $0.02.
Where can I find Netflix's Q2 2024 SEC filings?
You can read the 8-K earnings release (0001065280-24-000199) and the 10-Q periodic report (0001065280-24-000200) directly on SEC EDGAR. The filing index links above go to sec.gov.