Netflix (NFLX) Q4 2024 Earnings Breakdown
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Netflix (NFLX) Q4 2024 Earnings Breakdown
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About this listen
Key Highlights:
- Netflix successfully executed its plan to re-accelerate growth in 2024.
- Full-year revenue grew by 16%, with operating margin expanding six percentage points to 27%.
- Operating income exceeded $10 billion for the first time.
- Netflix highlights the success of its content slate, including both original and licensed titles.
- Specific content successes mentioned include:
- Squid Game Season 2, on track to be one of their most-watched original series seasons.
- The film Carry-On joined their all-time Top 10 films list.
- The Jake Paul vs. Mike Tyson fight was the most-streamed sporting event ever.
- Two NFL games streamed on Christmas Day became the most streamed NFL games in history.
- Netflix also notes the critical acclaim of its content: “A slate that resonated with critcs and awards bodies alike, as we garnered the most Golden Globe nominatons and wins of any entertainment company…”
- The company emphasizes their goal to be the "first place members go for entertainment" and measures success through engagement metrics (view hours).
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