META - Will Netflix Be Worth More Than Meta Platforms by 2025?
2024-01-27 12:00:00 ET
Netflix 's (NASDAQ: NFLX) stock soared 11% on Jan. 24 after the streaming-video giant posted its fourth-quarter earnings report. Revenue rose 12.5% year over year to $8.83 billion and exceeded analysts' estimates by $120 million. Net income surged a whopping 1,605% to $938 million, or $2.11 per share, but still missed the consensus forecast by $0.11 due to an unrealized loss related to currency headwinds for its euro-denominated debt.
Netflix's impressive numbers likely stunned the bears, who had assumed its high-growth days were over. However, its stock remains more than 20% below its all-time high and it is still the least valuable FAANG company , with an enterprise value ( EV ) of $249 billion.
Could Netflix's valuation continue to rise and catch up to Meta Platforms (NASDAQ: META) , the second smallest FAANG stock with an EV of $979 billion, by the end of 2025?
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Will Netflix Be Worth More Than Meta Platforms by 2025?