In a market announcement on June 14, 2024, Netflix, Inc. (NASDAQ: NFLX) disclosed plans to release its Q2 2024 earnings and forward guidance on its investor relations portal at http://ir.netflix.net today, Thursday July 18, 2024, around 1:00 p.m. Pacific Time.
Market Cap
34th in the world by market cap, Netflix, as of July 2024, holds a valuation of $279.86 billion, making it one of the most valuable companies globally according to our data.
Dividend Information 
With no dividend yield, annual dividend, or payout frequency, Netflix’s buyback yield stands at 2.38%, equating to a shareholder yield of 2.38%, with no ex-dividend date or dividend growth.
Recent Development At Netflix
Find below the latest developments at Netflix:
– Partnered with Taiwan’s Golden Horse for visual effects and virtual production workshop in Korea.
– Released the 2023 ESG Report.
– Extended talent development partnership with ISFI, now seeking Sámi film producers.
– Announced LFI Spark Animation Grant Fellows with Latino Film Institute’s Latinx in Animation.
– Expanded the West Coast production hub in Albuquerque.
Q1 Earnings Report Recap 
Revenue: Grew 15% YoY, driven by membership growth and pricing.
Argentina Impact: F/X neutral vs. reported growth impacted by local inflation and a 75% drop in the Argentine peso.
Revenue: Exceeded guidance due to higher-than-forecast paid net additions (9.3M vs. 1.8M in Q1’23).
Operating Income: Reached $2.6B (vs. $1.7B in Q1’23), a 54% YoY increase, surpassing forecasts due to higher revenue and content spend timing.
Operating Margin: Grew to 28%, up seven percentage points YoY.
EPS: Reported at $5.28 vs. $2.88 last year and a $4.49 forecast.
Net Income: Included a $131 million non-cash unrealized gain from F/X remeasurement on Euro denominated debt.
Ads Membership: Grew 65% QoQ, with over 40% of signups in ads markets from the ads plan.
Advertiser Capabilities: Progressed in measurement solutions with new partnerships for brand awareness, recall, and sales lift.
Q2 Earnings Analyst Forecast
For the current quarter ending June 2024, Zacks’ consensus sales estimate for Netflix stands at $9.53B, with estimates ranging from $9.44B to $9.68B, reflecting a 16.38% YoY growth from $8.19B. The earnings consensus estimate is $4.70 per share, with a range from $4.61 to $4.79, indicating a 42.86% YoY growth from $3.29.
Investing.com forecasts Netflix (NASDAQ: NFLX) to achieve an EPS of $4.74 with revenue reaching $9.53 billion.
Tradingview.com forecasts Netflix, Inc. (NASDAQ: NFLX) to achieve an EPS of $4.74 and generate revenue totaling $9.53 billion.
Netflix Forecast
For Q2’24, Netflix anticipates a 16% revenue increase, reflecting a 21% rise on a currency-adjusted basis, driven by price adjustments in Argentina and currency depreciation. Paid net additions in Q2’24 are expected to decline seasonally compared to Q1’24. Year-over-year global ARM is projected to increase on a currency-adjusted basis in Q2. For full-year 2024, Netflix forecasts robust revenue growth of 13% to 15%, based on Q1’24 exchange rates. The FY24 operating margin is now expected to reach 25%, up from the previous forecast of 24%, due to recent exchange rate movements.
Technical Analysis 
NFLX (NASDAQ) faces resistance at $699.90 on the 4HR Chart.
If resistance holds, potential drop to $585.12.
Breaking $585.12 could lead to a decline to $495.01.
If resistance fails, price may rise to $845.79.
Breaking $845.79 could push the price to $1031.36.
Apply Risk Management
Conclusion
In conclusion, Netflix, Inc. (NASDAQ: NFLX) has demonstrated strong performance, with Q1 2024 revenue growing 15% year-over-year and a significant rise in operating income and EPS. The company continues to expand its partnerships and production capabilities, reinforcing its market position. Looking forward, analysts forecast robust growth for Q2 2024, with revenue expected to reach $9.53 billion and EPS projected at $4.70-$4.74. Technically, NFLX faces critical resistance at $699.90; a breakthrough could propel the price to $845.79 and beyond, while a failure may lead to a decline towards $585.12. Based on both past performance and future forecasts, Netflix is positioned for continued growth, though investors should remain vigilant about market dynamics.
Sources
https://companiesmarketcap.com/netflix/marketcap/#google_vignette
https://stockanalysis.com/stocks/nflx/dividend/
https://about.netflix.com/en/news/2023-esg-report
https://about.netflix.com/en/news/expanding-our-west-coast-production-hub-in-albuquerque
https://images.app.goo.gl/iP5xqLTrxfcpY3P7A
https://ir.netflix.net/financials/quarterly-earnings/default.aspx
https://www.zacks.com/stock/quote/NFLX/detailed-earning-estimates
https://www.investing.com/equities/netflix,-inc.-earnings
