Netflix — Oct 17, 2024 release

Through the first three quarters of 2024, view hours per member amongst owner households (the clearest view of engagement trends post the introduction of paid sharing) increased year over year. • We continue to build our advertising business and improve our offering for advertisers. Ads membership was up 35% quarter on quarter, and our ad tech platform is on track to launch in Canada in Q4 and more broadly in 2025. • We’ve delivered on our plan to reaccelerate our business, and we’re excited to finish the year strong with a great Q4 slate, including Squid Game S2, the Jake Paul/Mike Tyson fight and two NFL games on Christmas Day. As we look ahead to 2025, we’re focused on improving every aspect of our service and continuing to deliver healthy revenue and profit growth. Our summary results, and forecast for Q4, are below. (in millions except per share data) Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Forecast Revenue $ 8,542  $ 8,833  $ 9,370  $ 9,559  $ 9,825  $ 10,128  Y/Y % Growth 7.8  % 12.5  % 14.8  % 16.8  % 15.0  % 14.7  % Operating Income $ 1,916  $ 1,496  $ 2,633  $ 2,603  $ 2,909  $ 2,190  Operating Margin 22.4  % 16.9  % 28.1  % 27.2  % 29.6  % 21.6  % Net Income $ 1,677  $ 938  $ 2,332  $ 2,147  $ 2,364  $ 1,847  Diluted EPS $ 3.73  $ 2.11  $ 5.28  $ 4.88  $ 5.40  $ 4.23  Global Streaming Paid Memberships 247.15  260.28  269.60  277.65  282.72  Y/Y % Growth 10.8  % 12.8  % 16.0  % 16.5  % 14.4  % Global Streaming Paid Net Additions 8.76  13.12  9.33  8.05  5.07  Net cash provided by operating activities $ 1,992  $ 1,663  $ 2,213  $ 1,291  $ 2,321  Free Cash Flow