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$NFLX$65.56 ▼1.3%
Netflix, Inc.
WHAT THEY DO
Netflix sells subscription streaming of movies, TV series and games to consumers worldwide, plus an ad-supported tier and live events. It makes money mainly from monthly subscription fees across roughly 300 million paid households.
💎 CONVERGENCE PLAY — in 3 themes
Streaming & Connected TVDigital AdvertisingLive Entertainment
PRICE
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REVENUE MIX
UCAN Streaming44%
EMEA Streaming26%
LATAM Streaming13%
APAC Streaming12%
Other (games, consumer products)5%
COST
Content amortization & licensing49%
Marketing7%
Technology & G&A9%
Op Margin35%
FINANCIAL HEALTH
Reported through Sep 30, 2026
Figures are trailing twelve months (TTM) unless marked otherwise.
REVENUE
$49.7B
Growth
12%
QTR YOY
Gross M.
51%
P/E
18.9
EV/EBITDA
17.5
Net M.
30%
FCF M.
51%
D/E
0.54
LATEST QTR
Op M.
35%
PLUG INTO YOUR DCF
Historical growth
12.6%
Analyst 5y growth
—
Forward P/E
17.4
PEG ratio
1.10
Trailing EPS
$3.50
Forward EPS
$3.80
Multiple compressing
Forward P/E is lower than trailing — earnings are expected to grow into the price.
CAPEX & R&D — LAST 0 FISCAL YEARS (SEC FILINGS)
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TAM
SIZE
$650B by 2030
CAGR
7%
Global consumer spend on filmed entertainment, pay TV and streaming plus connected-TV advertising. Netflix holds a mid-teens share of viewing in its core markets, leaving room to grow via ad tier, live events and pricing.
RISK ASSESSMENT
HIGContent spend inflation and hit-driven economics; a weak slate can stall engagement and churn
MEDAd-tier monetization ramp slower than planned; ad market cyclicality and competition from YouTube, Amazon and Disney+
LOWFX translation and regulatory/content quota risk in international markets
🐂 BULL
Ad tier, live events and password-sharing monetization are lifting revenue growth back to low-double digits with 35% operating margins and 53% ROE. At 19x earnings with strong free cash flow, the stock is cheap relative to its franchise.
🐻 BEAR
Growth is decelerating toward high single digits as penetration matures, and rising content costs plus ad-market softness could compress margins. Multiple re-rating depends on ad and live scaling faster than peers copy the model.
EARNINGS
EPS · Q3 2026
Beat ✓
REVENUE
Beat ✓
MANAGEMENT TONE
BearishBullish
🔗 IMPACT ON YOUR THESIS
Ad-supported tier becomes a second growth engine
Watch→On Track
Ad tier membership and ad revenue grew faster than plan
Live events and sports rights deepen engagement
Watch→Watch
Early live slate solid but monetization still unproven
Operating margin expansion toward high-30s
On Track→On Track
Margin guidance nudged higher on content efficiency
AI-powered data, computed by TreasureX · May contain inaccuracies
⚠️
All values, scores, and figures here are computed from your own assumptions and public data, for educational purposes only. This is not investment advice — TreasureX does not recommend buying or selling any security. Results change with your inputs. Please do your own research and use your own judgement before making any investment decision.