Netflix Gross Profit 2010-2024 | NFLX (2024)

FAQs

What is the gross profit ratio of Netflix? ›

Netflix (NFLX) Gross Margin % : 45.87% (As of Jun. 2024)

Netflix annual gross profit for 2023 was $14.008B, a 12.54% increase from 2022. Netflix annual gross profit for 2022 was $12.447B, a 0.66% increase from 2021. Netflix annual gross profit for 2021 was $12.365B, a 27.22% increase from 2020.

Profitability Summary

Netflix Inc's profitability score is 63/100. We take all the information about a company's profitability (such as its margins, capital efficiency, free cash flow generating ability, and more) and consolidate it into one single number - the profitability score.

Revenue and earnings remain strong

Looking ahead to Q3, Netflix has guided revenue to $9.73 billion, a 14% year-over-year increase from Q3 2023.

Netflix's profit compared to other DTC businesses

In 2023, the operating profit of Netflix amounted to around seven billion U.S. dollars, while Paramount, for example, reported DTC losses of nearly two billion U.S. dollars that year. Disney's losses exceeded two billion U.S. dollars.

Netflix net profit margin as of June 30, 2024 is 19.54%.

Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses.

The news: In the second quarter of 2024, Netflix added 8.05 million new subscribers, well past the expected 4.7 million. Quarterly sales increased by 17% year over year, with earnings per share (EPS) of $4.88 surpassing the $4.74 analysts expected.

Netflix annual net income for 2023 was $5.408B, a 20.39% increase from 2022. Netflix annual net income for 2022 was $4.492B, a 12.2% decline from 2021. Netflix annual net income for 2021 was $5.116B, a 85.28% increase from 2020.

Revenue hit $9.56 billion in Q2, an increase of 16.8% compared with the same period last year, as the streamer continued to lean into top-line initiatives like its crackdown on password sharing and ad-supported tier, in addition to last year's price hikes on certain subscription plans.

NFLX Stock 12 Month Forecast

Based on 37 Wall Street analysts offering 12 month price targets for Netflix in the last 3 months. The average price target is $709.48 with a high forecast of $900.00 and a low forecast of $545.00. The average price target represents a 6.57% change from the last price of $665.77.

What could still be improved in Netflix? ›

According to company data, Netflix has 80.13 million paying subscribers based in the US & Canada. Netflix's user base in the US & Canada accounts for a 30.79% share of global Netflix subscribers. In fact, Netflix added 4.99 million new subscribers based in the US and Canada over the past two years (2021-2023).

As of today (2024-09-15), Netflix's share price is $697.06. Netflix's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $16.00. Therefore, Netflix's PE Ratio (TTM) for today is 43.57.

Netflix has a current ratio of 0.95. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Netflix has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

key financial stats and ratios. NFLX price-to-sales ratio is 8.32. The company has an Enterprise Value to EBITDA ratio of 13.02. As of 2023 they employed 13.00 k people.