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Netflix NFLX Q3 2024 earnings

Reported October 17, 2024 · After market close

Revenue$9.8BMiss by $294.9M
EPS$0.54Beat by $0.03
Revenue estimate$10.1B
EPS estimate$0.51

Next report

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

Financials

Q3 2024

Income statement

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Revenue$9.8B+15.0%
Gross profit$4.7B+30.3%
Operating income$2.9B+51.8%
Net income$2.4B+40.9%
EPS (diluted)$5.40+44.8%

Balance sheet

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Cash & equivalents$7.5B+1.4%
Total debt$18.5B+10.4%
Total equity$22.7B+2.8%
Total assets$52.3B+5.6%

Cash flow

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Operating cash flow$2.3B+16.5%
CapEx$126.9M+22.1%
Free cash flow$2.2B+16.2%

Valuation & ratios

Valuation

as of 09/30/24
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Market cap$305.07B+83.0%
Enterprise value$316.13B+79.5%
P/E39.2×+2.4×
P/S8.1×+3.0×

Profitability

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Gross margin45.3%+5.8pp
Operating margin25.6%+7.3pp
Net margin20.7%+6.9pp
FCF margin19%+1.6pp

Returns & leverage

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Return on equity34.7%+13.5pp
Debt / equity0.8×+0.1×
Current ratio1.1×-0.2×

Segments

By segment

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Reportable Segment$9.8B+16.5%

By geography

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United States$4.0B—

By product

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Streaming$9.8B+15.3%

FAQ

When did Netflix report Q3 2024 earnings?
Netflix (NFLX) reported Q3 2024 earnings on October 17, 2024 after market close.
What were Netflix's Q3 2024 revenue and EPS?
Netflix reported revenue of $9.8B and eps of $0.54 for Q3 2024.
Did Netflix beat estimates in Q3 2024?
Revenue missed the consensus estimate of $10.1B by $294.9M. EPS beat the consensus estimate of $0.51 by $0.03.
Where can I find Netflix's Q3 2024 SEC filings?
You can read the 8-K earnings release (0001065280-24-000286) and the 10-Q periodic report (0001065280-24-000287) directly on SEC EDGAR. The filing index links above go to sec.gov.