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Will Netflix's EPS exceed the forecast of $4.68 in Q2 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Netflix Q2 2024 Earnings Report
Story
Netflix Q1 Earnings: EPS $5.28, Adds 9.33M Subscribers; To End Quarterly Reports
Apr 18, 2024, 09:30 PM
Netflix reported a significant beat on its first-quarter earnings for 2024, with earnings per share (EPS) at $5.28, surpassing the expected $4.52. The company's revenue reached $9.37 billion, exceeding forecasts of $9.26 billion. This performance was bolstered by an impressive increase in subscribers, with 9.33 million new customers added, nearly doubling the anticipated 4.84 million. Netflix now has a total of 270 million subscribers. Additionally, Netflix announced it will cease reporting quarterly subscriber numbers starting in 2025, shifting focus from subscriber metrics to other business aspects. For the second quarter, Netflix forecasts an EPS of $4.68 and expects revenue to be around $9.49 billion.
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