Netflix Inc.
NFLX
Market Cap$277.79B
Close$
Earnings Call Q4 2023
January 23, 2024 - AI Summary
Netflix announced a new partnership with WWE to bring WWE Raw programming to its members globally. This move aligns with their strategy of expanding into live event programming and growing their sports entertainment offerings.
The company expects healthy double-digit FX-neutral revenue growth in 2024, driven by continued member growth, the full-year impact of 2023 net additions, and the scaling of their ads business. However, ads won't be a primary driver of growth in 2024.
Netflix's ad-supported subscriber base is expected to grow as they leverage partner channels and bundle the ads plan into lower-priced offerings. They believe there is room for multiple players in the advertising market and are focused on playing to their strengths, such as having an engaged audience and offering culture-defining content.
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$51.86
91.5% downside
Current Fair Value
91.5% downsideOvervalued by 91.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $277.79 Billion |
|---|---|
| Enterprise Value | $285.20 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $12.03 |
| Beta | 1.21 |
| Outstanding Shares | 441,795,008 |
| Avg 30 Day Volume | 2,893,904 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 51.37 |
|---|---|
| PEG | 3.22 |
| Price to Sales | 8.07 |
| Price to Book Ratio | 13.34 |
| Enterprise Value to Revenue | 8.46 |
| Enterprise Value to EBIT | 41.01 |
| Enterprise Value to Net Income | 52 |
| Total Debt to Enterprise | 0.05 |
| Debt to Equity | 0.71 |
Revenue Sources
No data
ESG Score
No data
About NetFlix Inc
CEO: Reed Hastings Netflix is the world's leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can wa...