- Previous Close
706.80 - Open
713.32 - Bid 719.19 x 100
- Ask 719.67 x 100
- Day's Range
708.82 - 721.00 - 52 Week Range
344.73 - 725.26 - Volume
2,209,427 - Avg. Volume
3,151,642 - Market Cap (intraday)
308.87B - Beta (5Y Monthly) 1.26
- PE Ratio (TTM)
45.04 - EPS (TTM)
15.98 - Earnings Date Oct 17, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
701.23
Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. It has operations in approximately 190 countries. The company was incorporated in 1997 and is headquartered in Los Gatos, California.
www.netflix.com13,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: NFLX
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: NFLX
View MoreValuation Measures
Market Cap
308.87B
Enterprise Value
316.19B
Trailing P/E
44.95
Forward P/E
32.15
PEG Ratio (5yr expected)
1.57
Price/Sales (ttm)
8.80
Price/Book (mrq)
13.97
Enterprise Value/Revenue
8.71
Enterprise Value/EBITDA
13.18
Financial Highlights
Profitability and Income Statement
Profit Margin
19.54%
Return on Assets (ttm)
10.82%
Return on Equity (ttm)
31.57%
Revenue (ttm)
36.3B
Net Income Avi to Common (ttm)
7.09B
Diluted EPS (ttm)
15.98
Balance Sheet and Cash Flow
Total Cash (mrq)
6.66B
Total Debt/Equity (mrq)
74.73%
Levered Free Cash Flow (ttm)
20.05B
Research Analysis: NFLX
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Research Reports: NFLX
View MoreRobust 2Q as streaming service pivots into live events
Netflix is a video-on-demand distributor of movies and television shows over the internet worldwide (except China and a few other countries). Subscribers have access to the Netflix content library for a fixed monthly subscription fee. The company offers several service tiers, including a discount advertising-supported service. Netflix derives 59% of its revenue from outside the U.S.
RatingPrice TargetBig Tech earnings start this week, with a broad range of companies reporting.
Big Tech earnings start this week, with a broad range of companies reporting. As well, key inflation data is due as is an update on GDP. Last week, markets were volatile and there was a theme of rotation out of Information Technology and into small caps. The Dow Jones Industrial Average was up 0.7% for the week, the S&P 500 lost 2%, and the Nasdaq fell 3.7%. Year to date, the Dow is higher by 7%, the S&P is up 15%, and the Nasdaq is 18% ahead. On the economic calendar, Friday is the big day, with fresh inflation data. Economists are looking for more evidence that inflation is tracking lower. If it is, that should help build the case for a Fed rate cut. This week, the data comes in the form of the Personal Consumption Expenditures Index (PCE). In May, both PCE and Core PCE came in at 2.6%. We expect both to slow to 2.4% for June. In other economic news, Existing Home Sales data will be reported on Tuesday. On Wednesday, New Home Sales come out. On Thursday, GDP and Durable Goods Orders hit the tape. And on Friday, Personal Income and Personal Spending will be updated. On the earnings calendar, Monday brings news from Verizon. On Tuesday, Alphabet, Tesla, Comcast, Coca-Cola, GE Aerospace, General Motors, Philip Morris, UPS, and Lockheed Martin. On Wednesday, IBM, AT&T, Chipotle, and Ford. On Thursday, Northrop Grumman, American Airlines, Southwest Airlines, Juniper Networks, AstraZeneca, and Union Pacific. And on Friday, 3M, Bristol Myers Squibb, Colgate-Palmolive, and Charter Communications. Earnings are coming in 11.1% higher this quarter than a year ago, but only 14% of S&P 500 companies have reported so far. Expectations are for 8%-12% earnings growth in the second quarter. This follows 8% growth in 1Q and 10% in 4Q23. At Argus, we forecast that full-year 2024 EPS will come in 8%-9% better than last year. Last week, mortgage rates fell 12 basis points to 6.77% for the average 30-year fixed-rate mortgage. Gas prices rose a penny to $3.50 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 2Q and calls for expansion of 2.7%. The Cleveland Fed CPINow indicator forecasts 3.01% for July CPI. The next Fed rate decision is on July 31, with odds at 4% for a cut. Then in mid-September, there is a big jump in odds for a cut, to 98%. That spike follows that recent news that inflation is tracking down and the labor market is showing some weakness. As the probability is so high for a rate cut at the September meeting, the odds have jumped to 60% for a second cut in November. In December 18, odds increase to 94% for that second cut. All of this data is according to the CME FedWatch Tool.
Netflix Earnings: Another Exquisite Quarter, Almost Nothing to Nitpick; Fair Value Up 14% to $500
Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 275 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
RatingPrice TargetRaising target price to $767
Netflix is a video-on-demand distributor of movies and television shows over the internet worldwide (except China and a few other countries). Subscribers have access to the Netflix content library for a fixed monthly subscription fee. The company offers several service tiers, including a discount advertising-supported service. Netflix derives 59% of its revenue from outside the U.S.
RatingPrice Target