Skip to main content
Search

Netflix beats usual third quarter blues as business fires on all cylinders

Date: 18 October 2024

1 minute read

18 October 2024

If you are covering Netflix’s latest financial results, please find below a comment from Ben Barringer, technology analyst at Quilter Cheviot:

“The third quarter is usually a volatile one for Netflix, but these results show the business is firing on all cylinders and has a good lead in to Christmas. The company beat expectations across the board with strong subscriber growth and margins up another 7.2%. We are also seeing each part of the business grow well, with the new advertising model, paid sharing and a less competitive backdrop all contributing to good revenue growth.

“Ultimately it is the content that drives subscriptions and pricing and Netflix is getting this right too and importantly keeping customers happy and wanting more. The upcoming fourth quarter slate, and beyond, is likely to keep this demand up with Squid Game, NFL, Stranger Things, Happy Gilmore and WWE and hitting soon. Meanwhile the overall business shows no signs of slowing down as it continues to find new ways to innovate while competitors flounder. It has high standards and these are being met quite comfortably just now. If Netflix can keep this up and continue to flex its muscles while others struggle, it will keep both customers and investors happy for a long time to come yet.”

Gregor Davidson

Senior External Communications Manager
+44 (0)7917 522784

Notes to Editors

Notes to Editors:

About Quilter plc

Quilter plc is a leading wealth management business, helping to create brighter financial futures for every generation.

Quilter plc oversees £157.4 billion in customer investments (as at 30 June 2026).

It has an adviser and customer offering spanning financial advice, investment platforms, multi-asset investment solutions and discretionary fund management.

The business is comprised of two branded segments: Quilter and Quilter Cheviot.

Quilter encompasses the financial advice network and national, Quilter's investment platform and multi-asset solutions and Quilter Invest, the digital savings and investment app.

Quilter Cheviot is a discretionary fund management and financial planning business.

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Senator House, 85 Queen Victoria Street, London, EC4V 4AB, United Kingdom. Registered number: 6404270.  Registered in England.

PRIVACY INFORMATION
We hold your name, email address, job role and the name of your publication on our Press Distribution List and use this information to send you press releases which we believe will be of interest to you. You can stop receiving emails from us at any time by emailing us at: pressoffice@quilter.com and asking us to remove you from the Distribution List.

Related Articles

Quilter Cheviot adds to Dubai and Jersey offices to support international clients

3 minute read

Quilter Cheviot has today announced it has appointed Jack Herbert as Head of Business Development EMEA, based in Dubai, and Laura Gibson as Relationship Director, based in Jersey, to support the international business.

Published 4 days ago

Government tax take climbs ever higher as Healey’s first budget nears

3 minute read

If you are covering the latest HMRC tax receipts and national insurance contributions data, please see the following comment from Shaun Moore, tax and financial planning expert at Quilter:

Published 4 days ago