For the quarter ended March 2024, Netflix (NFLX - Free Report) reported revenue of $9.37 billion, up 14.8% over the same period last year. EPS came in at $5.28, compared to $2.88 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.26 billion, representing a surprise of +1.18%. The company delivered an EPS surprise of +17.07%, with the consensus EPS estimate being $4.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Netflix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- EMEA - Paid memberships at end of period: 91,729 thousand versus the six-analyst average estimate of 91,050.94 thousand.
- APAC - Paid memberships at end of period: 47,495 thousand compared to the 46,985.22 thousand average estimate based on six analysts.
- LATAM - Paid memberships at end of period: 47,720 thousand versus the six-analyst average estimate of 47,012.85 thousand.
- UCAN - Paid memberships at end of period: 82,658 thousand versus 81,411.78 thousand estimated by six analysts on average.
- EMEA - Average paying memberships: 90,271 thousand versus 89,855.76 thousand estimated by five analysts on average.
- APAC - Average revenue per membership: $7.35 versus the five-analyst average estimate of $7.62.
- LATAM - Paid net membership additions (losses): 1,723 thousand versus 869.02 thousand estimated by five analysts on average.
- LATAM - Average paying memberships: 46,859 thousand compared to the 46,431.51 thousand average estimate based on five analysts.
- Revenue- United States and Canada: $4.22 billion versus $4.10 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +17.1% change.
- Revenue- Asia-Pacific: $1.02 billion versus the seven-analyst average estimate of $1.05 billion. The reported number represents a year-over-year change of +9.6%.
- Revenue- Latin America: $1.17 billion versus the seven-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of +8.9%.
- Revenue- Europe, Middle East and Africa: $2.96 billion versus the seven-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +17.5%.
View all Key Company Metrics for Netflix here>>>Shares of Netflix have returned -2.2% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended March 2024, Netflix (NFLX - Free Report) reported revenue of $9.37 billion, up 14.8% over the same period last year. EPS came in at $5.28, compared to $2.88 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.26 billion, representing a surprise of +1.18%. The company delivered an EPS surprise of +17.07%, with the consensus EPS estimate being $4.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Netflix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- EMEA - Paid memberships at end of period: 91,729 thousand versus the six-analyst average estimate of 91,050.94 thousand.
- APAC - Paid memberships at end of period: 47,495 thousand compared to the 46,985.22 thousand average estimate based on six analysts.
- LATAM - Paid memberships at end of period: 47,720 thousand versus the six-analyst average estimate of 47,012.85 thousand.
- UCAN - Paid memberships at end of period: 82,658 thousand versus 81,411.78 thousand estimated by six analysts on average.
- EMEA - Average paying memberships: 90,271 thousand versus 89,855.76 thousand estimated by five analysts on average.
- APAC - Average revenue per membership: $7.35 versus the five-analyst average estimate of $7.62.
- LATAM - Paid net membership additions (losses): 1,723 thousand versus 869.02 thousand estimated by five analysts on average.
- LATAM - Average paying memberships: 46,859 thousand compared to the 46,431.51 thousand average estimate based on five analysts.
- Revenue- United States and Canada: $4.22 billion versus $4.10 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +17.1% change.
- Revenue- Asia-Pacific: $1.02 billion versus the seven-analyst average estimate of $1.05 billion. The reported number represents a year-over-year change of +9.6%.
- Revenue- Latin America: $1.17 billion versus the seven-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of +8.9%.
- Revenue- Europe, Middle East and Africa: $2.96 billion versus the seven-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +17.5%.
View all Key Company Metrics for Netflix here>>>Shares of Netflix have returned -2.2% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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