Netflix Q1 2024 GAAP EPS $5.28 Beats $4.51 Estimate, Sales $9.370B Beat $9.275B Estimate
Portfolio Pulse from Benzinga Newsdesk
Netflix reported Q1 2024 earnings with a GAAP EPS of $5.28, surpassing the $4.51 estimate, and sales of $9.370B, exceeding the $9.275B estimate. This represents a 14.80% increase in sales compared to the same period last year.
April 18, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Netflix's Q1 2024 earnings exceeded expectations with a GAAP EPS of $5.28 and sales of $9.370B, indicating strong financial performance and growth.
Netflix's earnings and sales beat not only demonstrates the company's ability to outperform market expectations but also indicates a significant year-over-year growth in sales. This positive financial performance is likely to instill investor confidence and could lead to a short-term uptick in NFLX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100