The call reflects a positive outlook for Netflix with strong revenue growth, high engagement, and successful global content production. The expansion into advertising and new entertainment formats is promising, despite challenges such as membership decline in LatAm and impacts from Hollywood strikes.

Company Guidance

During the Netflix Q3 2024 earnings call, the company provided optimistic guidance for the future, highlighting key metrics and strategic priorities. They anticipate a 15% revenue growth and a 6 percentage point improvement in operating margins in 2025, driven primarily by membership growth and engagement, which stands at an average of two hours of viewing per member per day. Netflix's content strategy includes expanding their slate across various regions, with new releases from the U.S., Brazil, Korea, and Germany, and popular shows like "Wednesday" and "Stranger Things" returning. Additionally, they plan to enhance their ad business, expecting it to double its revenue year-over-year, although from a small base. Netflix also aims to continue refining their pricing strategy, emphasizing a balance between subscription and ad-supported plans. Despite past challenges, such as the Hollywood strikes impacting their content slate, the company is on track for normalization by 2025, with significant global engagement and a robust financial outlook.

Strong Revenue and Operating Margin Growth

Netflix expects to deliver 15% revenue growth and 6 percentage points of operating margin improvement in 2024.

High Engagement and Content Success

Healthy engagement with about 2 hours of viewing per member per day; big hits in Q3 like Perfect Couple and Monsters.

Global Content Production

Producing original stories in over 50 countries with a team of top creative talent globally.

Advertising Business Growth

Ads plan accounted for over 50% of sign-ups in ads countries; ads revenue expected to double year-over-year.

Expansion into New Areas

Investments in games, live events, and advertising to drive growth, including live sports and new game releases.

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Netflix (NFLX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NFLX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 21, 2025	2024 (Q4)	4.21 / -	2.11	―	―	―
Oct 17, 2024	2024 (Q3)	5.12 / 5.40	3.73	44.77% (+1.67)	―
Jul 18, 2024	2024 (Q2)	4.74 / 4.88	3.29	48.33% (+1.59)	―
Apr 18, 2024	2024 (Q1)	4.52 / 5.28	2.88	83.33% (+2.40)	―
Jan 23, 2024	2023 (Q4)	2.22 / 2.11	0.12	1658.33% (+1.99)	―
Oct 18, 2023	2023 (Q3)	3.49 / 3.73	3.1	20.32% (+0.63)	―
Jul 19, 2023	2023 (Q2)	2.85 / 3.29	3.2	2.81% (+0.09)	―
Apr 18, 2023	2023 (Q1)	2.86 / 2.88	3.53	-18.41% (-0.65)	―
Jan 19, 2023	2022 (Q4)	0.55 / 0.12	1.33	-90.98% (-1.21)	―
Oct 18, 2022	2022 (Q3)	2.14 / 3.10	3.19	-2.82% (-0.09)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NFLX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 17, 2024	$687.65	$763.89	+11.09%
Jul 18, 2024	$643.04	$633.34	-1.51%
Apr 18, 2024	$610.56	$555.04	-9.09%
Jan 23, 2024	$492.19	$544.87	+10.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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