Q4 FY2024 results ended on December 31, 2024
- Revenue: $10.25B, +16% YoY
- Net income: $1.87B, +99% YoY
- EPS: $4.27 vs $2.11 in Q4 2023
- Paid memberships: 302M, +16% YoY
Management: "Our fourth quarter capped a year of strong results as we returned to positive organic revenue growth in the full year. Each household has unique entertainment preferences, and tastes differ, so our focus remains on providing a variety of quality titles to keep everyone entertained."
🌱Revenue & Growth
- Global streaming revenue: +16% YoY
- UCAN revenue: $4.52B, +15% YoY
- EMEA revenue: $3.29B, +18% YoY
- LATAM revenue: $1.23B, +6% YoY
- APAC revenue: $1.21B, +26% YoY
💰Profits & Financials
- Operating margin: 22.2% vs 16.9% YoY
- Operating income: $2.27B, +52% YoY
- Free cash flow: $1.38B
- Total debt: $15.6B
- Net cash position: $6.1B
📌Business Highlights
- Record Q4 net adds: 19M paid memberships
- Ads plan driving over 55% of sign-ups in ads countries
- Squid Game S2 became one of most-watched series
- Jake Paul vs Tyson boxing became most-streamed sporting event
- Most streamed NFL games on Christmas Day
- Awards: Most Golden Globe nominations and wins
🔮Future Outlook
- 2025 revenue growth: 12-14% YoY
- F/X neutral revenue growth: 14-17%
- Ads revenue expected to double
- Operating margin target: 29%
- Content spend target: ~$18B
- Planning price changes in US, Canada, Portugal