Netflix Inc (NFLX) Q3 2024 Earnings Report

In Q3 2024, Netflix Inc. reported a robust revenue of $9.82 billion, showcasing a 15% year-over-year increase and a 3.14% quarter-over-quarter growth, driven by strong engagement and strategic content investments. The company achieved a net income of $2.36 billion, translating to an earnings per share (EPS) of $5.52, marking a significant 45.26% increase compared to the same quarter last year. Management emphasized their commitment to improving user engagement and expanding their offerings, particularly in original programming and live events, which they believe will be critical in sustaining growth and profitability moving into 2025. Despite slight headwinds in leadership transitions and field adjustments due to previous strikes, Netflix remains focused on enhancing core offerings while embracing new revenue streams such as advertising and live content.