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Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
1997
14K+
LTM Revenue $39.8B
LTM EBITDA $11.3B
$435B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Netflix has a last 12-month revenue of $39.8B and a last 12-month EBITDA of $11.3B.
In the most recent fiscal year, Netflix achieved revenue of $39.0B and an EBITDA of $26.3B.
Netflix expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Netflix valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $31.6B | $33.7B | $39.0B | $39.8B | XXX |
| Gross Profit | $12.4B | $14.0B | $18.0B | XXX | XXX |
| Gross Margin | 39% | 42% | 46% | XXX | XXX |
| EBITDA | $20.3B | $21.5B | $26.3B | $11.3B | XXX |
| EBITDA Margin | 64% | 64% | 67% | 28% | XXX |
| Net Profit | $4.5B | $5.4B | $8.7B | XXX | XXX |
| Net Margin | 14% | 16% | 22% | XXX | XXX |
| Net Debt | $9.2B | $7.4B | $7.8B | XXX | XXX |
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As of February 21, 2025, Netflix's stock price is $1003.
Netflix has current market cap of $429B, and EV of $435B.
See Netflix trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $435B | $429B | XXX | XXX | XXX | XXX | $20.54 |
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Sign UpAs of February 21, 2025, Netflix has market cap of $429B and EV of $435B.
Netflix's trades at 10.9x LTM EV/Revenue multiple, and 38.4x LTM EBITDA.
Analysts estimate Netflix's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Netflix and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $435B | XXX | XXX | XXX |
| EV/Revenue | 11.2x | XXX | XXX | XXX |
| EV/EBITDA | 16.5x | XXX | XXX | XXX |
| P/E | 49.3x | XXX | XXX | XXX |
| P/E/Growth | 2.2x | XXX | XXX | XXX |
| EV/FCF | 62.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNetflix's NTM/LTM revenue growth is 13%
Netflix's revenue per employee for the last fiscal year averaged $2.8M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Netflix's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Netflix's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Netflix and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 67% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 81% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 19% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Kartoon Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| Nine Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Seven West Media | XXX | XXX | XXX | XXX | XXX | XXX |
| DouYu | XXX | XXX | XXX | XXX | XXX | XXX |
| Meb Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Netflix acquired XXX companies to date.
Last acquisition by Netflix was XXXXXXXX, XXXXX XXXXX XXXXXX . Netflix acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Netflix founded? | Netflix was founded in 1997. |
| Where is Netflix headquartered? | Netflix is headquartered in United States of America. |
| How many employees does Netflix have? | As of today, Netflix has 14K+ employees. |
| Who is the CEO of Netflix? | Netflix's CEO is Mr. Ted Sarandos. |
| Is Netflix publicy listed? | Yes, Netflix is a public company listed on NAS. |
| What is the stock symbol of Netflix? | Netflix trades under NFLX ticker. |
| When did Netflix go public? | Netflix went public in 2002. |
| Who are competitors of Netflix? | Similar companies to Netflix include e.g. Kartoon Studios, Nine Entertainment, Seven West Media, DouYu. |
| What is the current market cap of Netflix? | Netflix's current market cap is $429B |
| What is the current revenue of Netflix? | Netflix's last 12-month revenue is $39.8B. |
| What is the current EBITDA of Netflix? | Netflix's last 12-month EBITDA is $11.3B. |
| What is the current EV/Revenue multiple of Netflix? | Current revenue multiple of Netflix is 10.9x. |
| What is the current EV/EBITDA multiple of Netflix? | Current EBITDA multiple of Netflix is 38.4x. |
| What is the current revenue growth of Netflix? | Netflix revenue growth between 2023 and 2024 was 16%. |
| Is Netflix profitable? | Yes, Netflix is EBITDA-positive (as of the last 12 months). |
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