HomeMarket OverviewNetflix Q4 2024 Earnings Report

Netflix Q4 2024 Earnings Report

27-01-2025
Netflix Q4 2024 Earnings Report

Introduction

Netflix ended 2024 with good results, reporting record subscriber additions and solid finance metrics. The company's strategic initiatives, including investing in original content and live events, have significantly boosted its market position. Co-CEO Greg Peters highlighted the platform's global appeal and diverse content offerings as key drivers of this success.

Key Financial Metrics

Fourth Quarter 2024:

●       Revenue: $10.25 billion, a 16% increase from $8.83 billion in Q4 2023.

●       Net Income: $4.27 per share, up from $2.11 per share in the same period last year.

●       Subscriber Growth: Added 18.91 million new subscribers, bringing the total to 301.63 million globally.

Full-Year 2024:

●       Total Revenue: Surpassed $40 billion for the first time, reflecting a 20% year-over-year growth.

●       Annual Net Income: Increased 61% to $8.71 billion.

Analyst Consensus

The share price reached a record high of $999.00, closing the week with a 13.92% increase. Analysts maintain a positive outlook on Netflix's stock, giving it a consensus "Buy" rating. With an average 12-month price target of approximately $1,103.53, analysts see further upside potential from the current price level, reflecting confidence in the company’s growth prospects and strategic initiatives.

Analysts have responded positively to the streamer's strong performance. The company's focus on expanding its content library, including live sports and popular series like "Squid Game," has been well received. The recent price increases in different markets are expected to grow revenue streams further. However, some analysts express caution regarding the sustainability of subscriber growth and the decision to cease reporting quarterly subscriber numbers, which may impact transparency.

Disclaimer

*Any opinions, views, analysis or other information provided in this article is provided by BCS Markets SA trading as BROKSTOCK as general market commentary and should not be viewed as advice according to the FAIS Act of 2002. BCS Markets SA does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information provided by third parties. You must rely upon your judgement in all aspects of your investment decisions and all decisions are made at your own risk. BCS Markets SA and any of its employees shall not be responsible for and will not accept any liability for any direct or indirect loss including without limitation any loss of profit which may arise directly or indirectly from use of the market commentary. The content contained within the article is subject to change at any time without notice. BCS Markets SA is an authorised financial services provider FSP No. 51404.

** This article was prepared by BROKSTOCK analyst Maboko Seabi

Read also

;
Follow us on
© 2025 BROKSTOCK SA (PTY) LTD.

BROKSTOCK SA (PTY) LTD is an authorised Financial Service Provider and is regulated by the South African Financial Sector Conduct Authority (FSP No.51404). BROKSTOCK SA (PTY) LTD Proprietary Limited trading as BROKSTOCK. BROKSTOCK SA (PTY) LTD t/a BROKSTOCK acts solely as an intermediary in terms of the FAIS Act, rendering only an intermediary service (i.e., no market making is conducted by BROKSTOCK SA (PTY) LTD t/a BROKSTOCK) in relation to derivative products (CFDs) offered by the liquidity providers. Therefore, BROKSTOCK SA (PTY) LTD t/a BROKSTOCK does not act as the principal or the counterparty to any of its transactions.

The materials on this website (the “Site”) are intended for informational purposes only. Use of and access to the Site and the information, materials, services, and other content available on or through the Site (“Content”) are subject to the laws of South Africa.

Risk notice Margin trading in financial instruments carries a high level of risk, and may not be suitable for all users. It is essential to understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, and the ability to determine the volume of investment and assess the associated risks. BROKSTOCK SA (PTY) LTD pays attention to the fact that quotes, charts and conversion rates, prices, analytic indicators and other data presented on this website may not correspond to quotes on trading platforms and are not necessarily real-time nor accurate. The delay of the data in relation to real-time is equal to 15 minutes but is not limited. This indicates that prices may differ from actual prices in the relevant market, and are not suitable for trading purposes. Before deciding to trade the products offered by BROKSTOCK SA (PTY) LTD, a user should carefully consider his objectives, financial position, needs and level of experience. The Content is for informational purposes only and it should not construe any such information or other material as legal, tax, investment, financial, or other advice. BROKSTOCK SA (PTY) LTD will not accept any liability for loss or damage as a result of reliance on the information contained within this Site including data, quotes, conversion rates, etc.

Third party content BROKSTOCK SA (PTY) LTD may provide materials produced by third parties or links to other websites. Such materials and websites are provided by third parties and are not under BROKSTOCK SA (PTY) LTD's direct control. In exchange for using the Site, the user agrees not to hold BROKSTOCK SA (PTY) LTD, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision user makes based on information or other Content made available to the user through the Site.

Limitation of liability The user’s exclusive remedy for dissatisfaction with the Site and Content is to discontinue using the Site and Content. BROKSTOCK SA (PTY) LTD is not liable for any direct, indirect, incidental, consequential, special or punitive damages. Working with BROKSTOCK SA (PTY) LTD you are trading share CFDs. When trading CFDs on shares you do not own the underlying asset. Share CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail traders accounts lose money when trading CFDs with their provider. All rights reserved. Any use of Site materials without permission is prohibited.