LOS GATOS, Calif. - Netflix, Inc. (NASDAQ: NASDAQ:NFLX), the global streaming giant currently valued at $391 billion, has scheduled the release of its financial results for the fourth quarter of 2024. The announcement will be made available on the company's investor relations website on Tuesday, January 21, 2025, at approximately 1:00 p.m. Pacific Time. The company's stock has shown remarkable strength, delivering a 90% return year-to-date, though InvestingPro analysis indicates the stock may be trading above its Fair Value.
Following the release, a live video interview with Netflix's co-CEOs Ted Sarandos and Greg Peters, along with Chief Financial Officer Spence Neumann and Spencer Wang, VP of Finance/IR & Corporate Development, will take place. The interview is set to begin at 1:45 p.m. Pacific Time on the same day. During this session, management will respond to questions submitted by sell-side analysts.
The live interview will be streamed on the Netflix Investor Relations YouTube channel, providing shareholders and the public with access to management's commentary and insights. Those who are unable to tune in for the live broadcast will have the opportunity to view a recording of the webcast, which will be made available shortly after the session concludes at approximately 2:30 p.m. Pacific Time.
Netflix has established itself as a leading entertainment service with a substantial global reach, boasting 283 million paid memberships across more than 190 countries. The platform offers a diverse selection of TV series, films, and games in various genres and languages, allowing members to enjoy content on-demand.
The information for this article is based solely on a press release statement from Netflix, Inc. The forthcoming financial results will provide investors and analysts with an updated look at the company's performance and strategic direction as it navigates the competitive streaming landscape.
In other recent news, Netflix has seen a shift in its parental leave policy, moving away from unlimited time off during the first year of a child's life. This change is part of a broader reassessment at Netflix as it adapts to its expanded size and changing market dynamics. Analyst firms like Raymond (NS:RYMD) James and Canaccord Genuity have maintained their Market Perform and Hold ratings respectively on Netflix. The streaming giant continues to dominate viewer preferences, with an increase in viewer penetration and a robust financial performance, including revenue growth of 14.8%.
Netflix's introduction of an ad-supported tier has been positively received, accounting for a significant portion of new sign-ups. The company has also made a successful foray into live streaming events, with the Jake Paul vs. Mike Tyson boxing match attracting over 108 million viewers. Evercore ISI reiterated an Outperform rating on Netflix, citing potential catalysts like the streaming of NFL games, the release of "Squid Games II", WWE Raw events, and pending price increases. These are recent developments in the company's journey.
Despite a recent dip in shares, Netflix continues to demonstrate strong operational execution, with several brokerages updating their price targets in response to the company's performance. CFRA Research's Kenneth Leon anticipates that advertising will become a significant contributor to Netflix's revenue by 2026. BofA Securities and Pivotal Research have also elevated their price objectives, citing the company's positive earnings momentum and its evolving opportunities in advertising and live content.
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