Company news: Netflix (NFLX) quarterly results top analysts’ estimates

Netflix (NFLX) reported Q4 FY2024 earnings of $4.27 per share (versus $2.11 per share in Q4 FY2023), beating analysts’ consensus estimate of $4.21 per share.

The company’s quarterly revenues amounted to $10.247 bln (+16.0% y/y), beating analysts’ consensus estimate of $10.112 bln.

Netflix's Q4 FY2024 global streaming paid net adds were +18.91 mln versus its prior guidance of "higher than Q3's +5.07 mln." The company noted that the last quarter of 2024 was the biggest quarter of net adds in its history.

Netflix also issued downside guidance for Q1 FY2025, seeing EPS of $5.58 versus analysts’ consensus estimate of $5.97 and revenues of $10.416 bln versus analysts’ consensus estimate of $10.49 bln.

At the same time, the company provided improved full FY2025 revenue guidance of $43.50-44.50 bln, up from its prior guidance of $43-44 bln, versus analysts’ consensus estimate of $43.65 bln.

NFLX rose to $998.00 (+14.75%) in pre-market trading.