As Netflix prepares to announce its second-quarter earnings for 2024, many are curious about how the streaming giant is performing. Here's a simplified breakdown of what we can expect.

Key Dates and Expectations

Announcement Date: Netflix will reveal its financial results for April through June 2024 on July 18, 2024.

Revenue Predictions: Netflix expects to see a 16% increase in revenue compared to the same time last year, bringing it to $9.49 billion. Some analysts believe it could be slightly higher, around $9.53 billion​​.



Earnings Per Share (EPS): Netflix forecasts its earnings to be $4.68 per share, while analysts estimate a bit higher at $4.74 per share. This is a notable rise from $3.29 per share in the second quarter of 2023​​.

Subscriber Growth and Revenue Per User

Subscriber Additions: In the first quarter of 2024, Netflix added 9.3 million new subscribers, reaching a total of 269.6 million subscribers globally. While the number of new subscribers in the second quarter might be lower due to seasonal trends, the overall revenue per user is expected to grow compared to last year​​.

Financial Health

Operating Income and Margins: Netflix expects an operating income of $2.52 billion with a profit margin of 26.6%. This is a significant improvement from $1.82 billion and a 22.3% margin in the same period last year​.

Why It Matters

These figures are important because they show how well Netflix is doing in a competitive market. Investors are particularly interested in how Netflix’s new strategies, like its ad-supported subscription plans, are contributing to its growth.

In summary, Netflix is expected to show strong growth in both revenue and earnings, continuing its trend of attracting more subscribers and increasing the amount of money it makes from each one. As the company gets ready to release its results, all eyes will be on whether it can meet or exceed these expectations.