Netflix, Inc.
NFLX Communication Services Entertainment
Netflix, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.2 billion, up 15.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.4%, EPS grew 10.2%, free cash flow fell 32.7% and total debt fell 18.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.
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Netflix, Inc. (NFLX) EV/EBITDA
As of 16 October 2026, Netflix, Inc. (NFLX) trades at a EV/EBITDA of 9.3×. Over the past ten years it has ranged from 0.4× (January 2015) to 23.9× (June 2018); the current reading is higher than 16% of that period. That is in line with the Entertainment industry median of 9.6× and above the Communication Services sector median of 8.4×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 13.4× | (9.88%) |
| FY2024 | 14.9× | 49.42% |
| FY2023 | 9.9× | 42.56% |
| FY2022 | 7.0× | (52.84%) |
| FY2021 | 14.8× | (6.76%) |
| FY2020 | 15.9× | 24.93% |
| FY2019 | 12.7× | (4.90%) |
| FY2018 | 13.4× | 4.84% |
| FY2017 | 12.7× | 19.99% |
| FY2016 | 10.6× | (16.17%) |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 9.4× | (27.99%) |
| Mar 2026 | 13.1× | (2.27%) |
| Dec 2025 | 13.4× | (25.00%) |
| Sep 2025 | 17.9× | (12.69%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| FOX Fox Corporation compare | 7.1× |
| FOXA Fox Corporation compare | 7.8× |
| NFLX Netflix, Inc. | 9.3× |
| TKO TKO Group Holdings, Inc. compare | 10.6× |
| DIS The Walt Disney Company compare | 11.4× |
| LYV Live Nation Entertainment, Inc. compare | 24.8× |
| ROKU Roku, Inc. compare | 33.3× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 37.2× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 40.4× |
| Entertainment industry median | 9.6× |
| Communication Services sector median | 8.4× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on NFLX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement