Netflix (NFLX) EBT (2009 - 2026)
Netflix (NFLX) posted EBT of $4.1 billion for Q2 2026, down 37.86% on a QoQ basis from $6.5 billion in Q1 2026, and up 12.03% year-over-year from $3.6 billion in Q2 2025.
Analysis
Netflix (NFLX) EBT (2009 - 2026) Analysis & Trends
Netflix has reported EBT for 18 years, with the latest figure at $4.1 billion in Q2 2026.
- On a quarterly basis, EBT rose 12.03% year-over-year to $4.1 billion in Q2 2026; TTM through Jun 2026 was $16.5 billion, a 41.17% increase from a year earlier, with the FY2025 full-year figure at $12.7 billion, up 27.66% from the prior year.
- EBT was $4.1 billion for Q2 2026 at Netflix, down from $6.5 billion in the prior quarter.
- The five-year high for EBT was $6.5 billion in Q1 2026, with the low at $39.3 million in Q4 2022.
- Average EBT over 5 years is $2.5 billion, with a median of $2.3 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBT plunged 92.86% in 2022, then surged 2818.83% in 2023.
- Over 5 years, EBT stood at $39.3 million in 2022, then soared by 2818.83% to $1.1 billion in 2023, then surged by 85.89% to $2.1 billion in 2024, then increased by 29.68% to $2.8 billion in 2025, then soared by 47.0% to $4.1 billion in 2026.
- The last three EBT figures came in at $4.1 billion (Q2 2026), $6.5 billion (Q1 2026), and $2.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 4.07 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 836.90 Mn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | 452.00 Mn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 231,000.00 |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | -16.19 Mn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | -181.90 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | -3.09 Mn |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 9.32 Mn |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | -5.67 Mn |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | -3.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.07 Bn |
| Mar 31, 2026 | 6.55 Bn |
| Dec 31, 2025 | 2.77 Bn |
| Sep 30, 2025 | 3.11 Bn |
| Jun 30, 2025 | 3.63 Bn |
| Mar 31, 2025 | 3.21 Bn |
| Dec 31, 2024 | 2.13 Bn |
| Sep 30, 2024 | 2.70 Bn |
| Jun 30, 2024 | 2.51 Bn |
| Mar 31, 2024 | 2.61 Bn |
| Dec 31, 2023 | 1.15 Bn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 1.68 Bn |
| Mar 31, 2023 | 1.47 Bn |
| Dec 31, 2022 | 39.34 Mn |
| Sep 30, 2022 | 1.62 Bn |
| Jun 30, 2022 | 1.62 Bn |
| Mar 31, 2022 | 1.98 Bn |
| Dec 31, 2021 | 550.85 Mn |
| Sep 30, 2021 | 1.66 Bn |