Netflix (NFLX) EV to EBITDA (2009 - 2026)

Netflix has reported EV to EBITDA for 18 years, with the latest figure at 68.73 in Q2 2026.

• On a quarterly basis, EV to EBITDA fell 53.72% year-over-year to 68.73 in Q2 2026; TTM through Jun 2026 was 20.08, a 55.94% decrease from a year earlier, with the FY2025 full-year figure at 29.03, down 18.65% from the prior year.
• EV to EBITDA was 68.73 for Q2 2026 at Netflix, down from 99.26 in the prior quarter.
• The five-year high for EV to EBITDA was 227.81 in Q4 2022, with the low at 45.59 in Q2 2022.
• Average EV to EBITDA over 5 years is 111.75, with a median of 101.59 recorded in 2023.
• The sharpest annual moves came in 2022 and 2023: EV to EBITDA plunged 62.73% in 2022, then jumped 124.02% in 2023.
• Over 5 years, EV to EBITDA stood at 227.81 in 2022, then sank by 40.27% to 136.07 in 2023, then gained by 20.19% to 163.53 in 2024, then decreased by 20.0% to 130.83 in 2025, then sank by 47.46% to 68.73 in 2026.
• The last three EV to EBITDA figures came in at 68.73 (Q2 2026), 99.26 (Q1 2026), and 130.83 (Q4 2025), per Business Quant data.