Netflix NFLX
NASDAQ NFLX
$76.83 -1.42 (-1.81%)
As of: Sep 8, 2026 · 3:59 PM EDT

Netflix (NFLX) EBITDA (2009 - 2026)

Netflix (NFLX) posted EBITDA of $4.2 billion for Q2 2026, up 5.95% on a QoQ basis from $4.0 billion in Q1 2026, and up 11.07% year-over-year from $3.8 billion in Q2 2025.

Analysis

Netflix (NFLX) EBITDA (2009 - 2026) Analysis & Trends

Netflix has reported EBITDA for 18 years, with the latest figure at $4.2 billion in Q2 2026.

  • On a quarterly basis, EBITDA rose 11.07% year-over-year to $4.2 billion in Q2 2026; TTM through Jun 2026 was $14.4 billion, a 16.67% increase from a year earlier, with the FY2025 full-year figure at $13.3 billion, up 27.92% from the prior year.
  • EBITDA was $4.2 billion for Q2 2026 at Netflix, up from $4.0 billion in the prior quarter.
  • The five-year high for EBITDA was $4.2 billion in Q2 2026, with the low at $549.9 million in Q4 2022.
  • Average EBITDA over 5 years is $2.5 billion, with a median of $2.4 billion recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: EBITDA retreated 14.58% in 2022, then soared 172.07% in 2023.
  • Over 5 years, EBITDA stood at $549.9 million in 2022, then jumped by 172.07% to $1.5 billion in 2023, then soared by 51.91% to $2.3 billion in 2024, then jumped by 30.09% to $3.0 billion in 2025, then surged by 41.8% to $4.2 billion in 2026.
  • The last three EBITDA figures came in at $4.2 billion (Q2 2026), $4.0 billion (Q1 2026), and $3.0 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Netflix 321.15 Bn 312.02 Bn 6.52 Bn 4.19 Bn
2 Spotify Technology 108.56 Bn 97.65 Bn 1.86 Bn 761.35 Mn
3 Tencent Music Entertainment 12.38 Bn 8.87 Bn 582.00 Mn 480.00 Mn
4 Huya 485.14 Mn 124.88 Mn 37.58 Mn -1.03 Mn
5 iQIYI 427.67 Mn -43.23 Mn 152.37 Mn -15.38 Mn
6 FuboTV 324.08 Mn -128.33 Mn 399.10 Mn 30.43 Mn
7 Kaltura 221.37 Mn 190.08 Mn 34.54 Mn -775,000.00
8 CuriosityStream 157.45 Mn 109.05 Mn 16.93 Mn 9.18 Mn
9 Cineverse 47.34 Mn 43.02 Mn 10.66 Mn -5.12 Mn
10 LiveOne 46.60 Mn 37.94 Mn 3.94 Mn -3.68 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.19 Bn
Mar 31, 2026 3.96 Bn
Dec 31, 2025 2.96 Bn
Sep 30, 2025 3.25 Bn
Jun 30, 2025 3.77 Bn
Mar 31, 2025 3.35 Bn
Dec 31, 2024 2.27 Bn
Sep 30, 2024 2.91 Bn
Jun 30, 2024 2.60 Bn
Mar 31, 2024 2.63 Bn
Dec 31, 2023 1.50 Bn
Sep 30, 2023 1.92 Bn
Jun 30, 2023 1.83 Bn
Mar 31, 2023 1.71 Bn
Dec 31, 2022 549.90 Mn
Sep 30, 2022 1.53 Bn
Jun 30, 2022 1.58 Bn
Mar 31, 2022 1.97 Bn
Dec 31, 2021 631.77 Mn
Sep 30, 2021 1.76 Bn