What is the financial situation of Netflix?
Key Financial Results
Is Netflix in a good financial standing?
The company's first-quarter earnings report, which included a record operating margin, its fastest quarterly revenue growth since 2021, and much better subscriber growth than expected, shows why the stock looks like a screaming buy right now.
What is the financial status of Netflix?
Netflix Financial Overview
Netflix's market cap is currently ―. The company's EPS TTM is $12.017; its P/E ratio is 51.39; Netflix is scheduled to report earnings on April 18, 2024, and the estimated EPS forecast is $4.51. See an overview of income statement, balance sheet, and cash flow financials.
How much debt does Netflix have?
What Is Netflix's Debt? As you can see below, Netflix had US$14.5b of debt, at December 2023, which is about the same as the year before.
What is the current revenue of Netflix?
Its revenue stood at $9.37 billion, up 15% from a year ago, surpassing the expected $9.29 billion. The operating margin also saw improvement, rising to 28% from 21% a year ago. Netflix forecast a revenue growth rate of 16% for the second quarter.
Does Netflix have bad debt or cash flow problems?
Since 2011, Netflix has raised $15 billion in debt to help pay for this content. The company said it plans to pay back its outstanding debt that matures in 2021 with its more than $8 billion of cash on hand.
Is Netflix a buy or sell?
Netflix's analyst rating consensus is a Moderate Buy. This is based on the ratings of 40 Wall Streets Analysts.
Has Netflix made a profit?
Netflix reported a profit of $2.3 billion on revenue of nearly $9.4 billion in the quarter, compared to a net income of $1.3 billion on $8.2 billion in revenue in the same period a year earlier.
Is Netflix not for profit?
The streaming giant said it added 9.3 million customers in the first quarter, bringing its total number of subscribers to almost 270 million. The company also said its profits in the first quarter jumped to more than $2.3bn (£1.85bn).
Is Netflix a healthy company?
Netflix has the luxury of focusing on profit, revenue and free cash flow because the company's finances are far healthier than most legacy media companies. For example, year-over-year revenue climbed 15%. Operating income grew by 54%, and operating margin rose by 7 percentage points to 28%.
Who owns the biggest percentage of Netflix?
Netflix (NFLX) Ownership Overview
The ownership structure of Netflix (NFLX) stock is a mix of institutional, retail and individual investors. Approximately 72.87% of the company's stock is owned by Institutional Investors, 5.26% is owned by Insiders and 21.87% is owned by Public Companies and Individual Investors.
What are Netflix weaknesses?
Weaknesses. Content Acquisition Costs: One of the primary weaknesses of Netflix Inc is the high cost associated with content acquisition and production. As the company strives to maintain its competitive edge through original and exclusive content, it faces increasing expenses that impact its profitability.
Which streaming service has the most debt?
A foundation of debt
Netflix's total debt stood at $14.5 billion at the end of March. The company does have around $6 billion in cash balancing that out, but at any given time it also has billions in short-term content liabilities it must pay.
Who is Netflix owner?
Wilmot Reed Hastings Jr.
(born October 8, 1960) is an American billionaire businessman. He is the co-founder and executive chairman of Netflix, and currently sits on a number of boards and non-profit organizations.
How much profit does Netflix make annually?
Video streaming giant Netflix had a total net income of nearly 5.4 billion U.S. dollars in 2023, whilst the company's annual revenue reached around 33.7 billion U.S. dollars.
How many employees does Netflix have?
About Netflix
Netflix is a media company founded in 1997. This large company employs 12,800 people internationally. See Netflix's employee benefits outlined below. To understand the company's culture and values, check out its careers website.
Why is Netflix in so much debt?
The media giant is raising yet another $2B in debt financing to keep its massive list of original content thriving while it burns through money.
Are Netflix losing money?
Netflix's revenue did increase — nearly 8% to $8.54 billion for the quarter. The company forecast that revenue will jump 11% in the fourth quarter, reaching $8.69 billion. It turns out membership growth did, in fact, return. Investors appear to once again view Netflix as a growth opportunity.
Why does Netflix have a lot of debt?
Netflix has issued substantial sums of debt in 2018 and 2019 in order to expand its content library and deal with the intense rivalry that exists in the streaming media sector.
Is Netflix a safe stock?
Shares have been on a tear, reflecting strong fundamentals. After its rapid ascent over most of the past decade thanks to its dominance in the burgeoning streaming landscape, Netflix (NFLX -0.62%) hit a bit of a rough batch. Slower revenue and subscriber growth caused the shares to tank 51% in 2022.
Is Apple a buy or sell right now?
Apple stock has received a consensus rating of buy. The average rating score is Aaa and is based on 67 buy ratings, 30 hold ratings, and 2 sell ratings.
What is the Netflix stock prediction?
Stock Price Forecast
The 32 analysts with 12-month price forecasts for Netflix stock have an average target of 623.56, with a low estimate of 370 and a high estimate of 800. The average target predicts an increase of 12.35% from the current stock price of 555.04.
Is Netflix losing money 2024?
The company reported revenues of $8.83 billion during the quarter, up 12% year over year.
How is Netflix doing financially 2024?
We forecast global ARM to be up year-over-year on a F/X neutral basis in Q2. For the full year 2024, we expect healthy revenue growth of 13% to 15%, based on F/X rates at the end of Q1'24. We now expect FY24 operating margin of 25%, based on F/X rates as of January 1, 2024, up from our prior forecast of 24%.
How is Netflix doing in 2024?
Netflix added 9.3 million subscribers in the first quarter of 2024, it announced on Thursday, outperforming analysts' expectations and solidifying its status as the entertainment industry's dominant streaming company.
