Netflix's Q2 2023 earnings continued growth in earnings due to password crackdown and Advertising plan PDF Free Download
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100%
NFLX
NFLX
.
US
NFLX
.
O
Ea
rnings
R
esult
I
n
comp
a
ring
the
previous
qu
a
rter
'
s
fi
n
a
nci
a
l
report
summ
a
ry
to
the
current
qu
a
rter
'
s
,
N
et
fl
ix
continues
to
emph
a
size
their
a
doption
a
nd
growth
in
stre
a
ming
entert
a
inment
,
a
s
well
a
s
their
competitive
position
a
nd
core
str
a
tegy
.
T
hey
a
lso
discuss
their
content
o
erings
,
monetiz
a
tion
through
pricing
a
nd
tiering
structures
,
a
nd
negoti
a
tions
with
SAG
-
AFTRA
.
I
n
terms
of
fi
n
a
nci
a
l
fi
gures
,
N
et
fl
ix
provides
det
a
ils
on
their
consolid
a
ted
revenue
,
oper
a
ting
income
,
net
income
,
a
nd
e
a
rnings
per
sh
a
re
for
both
qu
a
rters
.
A
ddition
a
lly
,
they
disclose
their
oper
a
ting
m
a
rgin
,
which
w
a
s
21.9%
for
2023.
N
et
pro
fi
t
growth
Q
o
Q
a
nd
Y
o
Y
T
he
net
pro
fi
t
growth
for
Q
3'23
w
a
s
$1.677
billion
,
which
is
a
n
incre
a
se
of
10.8%
comp
a
red
to
the
s
a
me
qu
a
rter
l
a
st
ye
a
r
.
T
he
diluted
EPS
for
Q
3'23
w
a
s
$3.73,
showing
a
growth
of
20.3%
comp
a
red
to
the
previous
ye
a
r
.
T
hese
fi
gures
indic
a
te
a
strong
ye
a
r
-
over
-
ye
a
r
growth
in
net
pro
fi
t
.
R
evenue
growth
for
e
a
ch
business
R
evenue
growth
for
e
a
ch
business
: -
UCAN
S
tre
a
ming
:
R
evenue
showed
consistent
growth
from
Q
3'22
to
Q
3'23,
with
a
slight
incre
a
se
in
Q
3'23.
Y
e
a
r
-
over
-
ye
a
r
growth
rem
a
ined
st
a
ble
a
t
0%. -
EMEA
:
R
evenue
experienced
a
decline
from
Q
3'22
to
Q
4'22,
but
showed
growth
from
Q
1'23
to
Q
3'23.
Y
e
a
r
-
over
-
ye
a
r
growth
fl
uctu
a
ted
,
with
a
2%
incre
a
se
in
Q
3'23. -
LATAM
:
R
evenue
incre
a
sed
ste
a
dily
from
Q
3'22
to
Q
3'23,
with
a
3%
ye
a
r
-
over
-
ye
a
r
growth
in
Q
3'23. -
APAC
:
R
evenue
fl
uctu
a
ted
throughout
the
qu
a
rters
,
with
a
9%
ye
a
r
-
over
-
ye
a
r
decline
in
Q
3'23.
N
et
fl
ix
O
ptimistic
A
bout
O
per
a
ting
Ma
rgins
N
et
fl
ix
s
a
id
its
oper
a
ting
m
a
rgins
h
a
ve
more
room
to
run
a
s
the
stre
a
mer
le
a
ns
on
initi
a
tives
like
its
cr
a
ckdown
on
p
a
ssword
sh
a
ring
,
che
a
per
a
d
-
supported
tier
,
a
nd
newly
a
nnounced
price
hikes
.
O
per
a
ting
m
a
rgin
for
FY
24
is
expected
to
be
between
22%
to
23%,
which
would
be
a
n
incre
a
se
from
the
18%
oper
a
ting
m
a
rgin
in
FY
22.
T
he
comp
a
ny
a
lso
provides
tr
a
nsp
a
rency
by
disclosing
the
ye
a
r
-
to
-
d
a
te
oper
a
ting
m
a
rgin
b
a
sed
on
FX
r
a
tes
a
t
the
beginning
of
e
a
ch
ye
a
r
.
T
he
a
djusted
oper
a
ting
m
a
rgin
for
FY
22
w
a
s
20.0%.
C
omp
a
ny
O
utlook
T
he
forec
a
st
for
Q
4'23
is
a
s
follows
:
revenue
is
expected
to
be
$8.7
B
,
up
11%
Y
o
Y
or
12%
on
a
n
F
/
X
neutr
a
l
b
a
sis
.
Pa
id
net
a
dditions
a
re
expected
to
be
simil
a
r
to
Q
3'23.
G
lob
a
l
ARM
in
Q
4
is
expected
to
be
roughly
fl
a
t
Y
o
Y
.
T
he
oper
a
ting
m
a
rgin
guid
a
nce
for
FY
23
is
upd
a
ted
to
20%,
the
high
end
of
the
prior
forec
a
st
r
a
nge
.
F
uture
P
l
a
n
T
he
a
doption
of
N
et
fl
ix
'
s
a
ds
pl
a
n
h
a
s
been
growing
,
with
a
ne
a
rly
70%
incre
a
se
in
a
d
membership
qu
a
rter
-
over
-
qu
a
rter
in
Q
3'23.
A
ddition
a
lly
,
N
et
fl
ix
is
a
djusting
its
prices
in
the
US
,
UK
,
a
nd
F
r
a
nce
,
with
the
a
ds
pl
a
n
rem
a
ining
a
t
$6.99
per
month
in
the
US
.
W
hile
a
d
revenue
is
not
expected
to
be
m
a
teri
a
l
to
the
business
in
2023,
N
et
fl
ix
rem
a
ins
optimistic
a
bout
the
long
-
term
opportunity
in
the
a
dvertising
m
a
rket
.
REVENUE
- %
CHG
YOY
3
Q
22 4
Q
22 1
Q
23 2
Q
23 3
Q
23
U
nited
S
t
a
tes
&
Ca
n
a
d
a
10.6% 8.6% 7.7% 1.7% 3.7%
E
urope
,
M
iddle
Ea
st
&
A
fric
a
-2.3% -6.9% -1.7% 4.3% 13.4%
La
tin
A
meric
a
11.9% 5.5% 7.1% 4.6% 11.6%
A
si
a
Pa
ci
fi
c
6.6% -1.6% 1.8% 1.3% 6.6%
20
O
ctober
2023
N
et
fl
ix
,
I
nc
.
B
loomberg
R
euters
N
et
fl
ix
'
s
Q
2 2023
e
a
rnings
continued
growth
in
e
a
rnings
due
to
p
a
ssword
cr
a
ckdown
a
nd
A
dvertising
pl
a
n
SENTIMENT
4
Q
22 1
Q
23 2
Q
23 3
Q
23
net
pro
fi
t
N
eutr
a
l
N
eutr
a
l
N
eutr
a
l
N
eutr
a
l
m
a
rgin
P
ositive
P
ositive
N
eutr
a
l
P
ositive
revenue
P
ositive
P
ositive
N
eutr
a
l
N
eutr
a
l
STOCK
DATA
Ma
rket
Ca
p
(
USD
M
illion
) 153.41
B
et
a
1.76
La
st
close
346.19
12-
m
L
ow
/
H
igh
252.1 / 485
Ta
rget
price
464.50
R
eturn
P
otenti
a
l
34.2 %
%
of
B
uy
/
S
ell
r
a
ting
58.0 % / 5.0 %
VALUATION
DATA
12
M
FORWARD
5-
YR
AVERAGE
P
/
E
23.69 66.61
P
/
B
5.47 17.17
P
/
S
4.03 7.42
EV
/
EBITDA
17.26 23.93
D
ividend
Y
ield
0.0 %
N
et
fl
ix
,
I
nc
.
N
et
fl
ix
,
I
nc
.
oper
a
tes
a
s
a
subscription
stre
a
ming
service
a
nd
production
comp
a
ny
.
T
he
C
omp
a
ny
o
ers
a
wide
v
a
riety
of
TV
shows
,
movies
,
a
nime
,
a
nd
document
a
ries
on
internet
-
connected
devices
.
N
et
fl
ix
serves
customers
worldwide
.
I
nnovest
X
R
ese
a
rch
