Everything You Need to Know for Netflix Earnings

Date

• 1/21/2025, After Market Close

2024 Recap

Netflix capped off a stellar 2024 with an +83% stock return. The centerpiece of their final quarter was its growing focus on live events, including NFL games that drew 65 million viewers and a WWE special attracting 5.9 million. In December, shares reached a record high of $941.75 as the company shifted its focus toward ad revenue, paving the way for continued growth in 2025.

Investor Focus

For this report, two key metrics to focus on are subscriber growth and revenue. Paid memberships are projected to reach 291 million, reflecting a 3% increase or 8.3 million new additions from the previous quarter. Revenue, on the other hand, is expected to hit a quarterly record of $10 billion. Additionally, investors should keep an eye out for the announcement of live events planned for 2025, as they could play a pivotal role in driving subscriber growth and boosting ad revenue opportunities.

Q4 Consensus Earnings Estimates

Consensus EPS: $4.17

2023 Q4 EPS: $2.11