<p>在當今快速變化和競爭激烈的商業環境中，投資者和行業愛好者必須對公司進行深入分析。本文將對娛樂行業中的 <strong>Netflix (NASDAQ: NFLX)</strong> 進行全面的行業比較，評估其與主要競爭對手的表現。通過考察關鍵財務指標、市場地位和增長前景，我們旨在為投資者提供有價值的見解，並揭示公司在行業中的表現。</p>
<h3>Netflix 背景</h3>
<p>Netflix 的商業模式相對簡單，僅涉及一個業務，即其流媒體服務。它在美國和全球市場上擁有最大的電視娛樂訂閲用户羣，全球訂閲用户超過 3 億。Netflix 幾乎覆蓋了除中國以外的全球所有人口。該公司傳統上避免常規的直播節目或體育內容，而是專注於按需訪問劇集、電影和紀錄片。該公司在 2022 年推出了廣告支持的訂閲計劃，使其除了歷史上幾乎佔據全部收入的訂閲費用外，還能接觸到廣告市場。</p>
<table>
<thead>
<tr>
<th><strong>公司</strong></th>
<th><strong>市盈率 (P/E)</strong></th>
<th><strong>市淨率 (P/B)</strong></th>
<th><strong>市銷率 (P/S)</strong></th>
<th><strong>股本回報率 (ROE)</strong></th>
<th><strong>息税折舊攤銷前利潤 (EBITDA)（十億美元）</strong></th>
<th><strong>毛利潤（十億美元）</strong></th>
<th><strong>收入增長</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Netflix Inc</td>
<td>34.04</td>
<td>13.73</td>
<td>8.28</td>
<td>9.2%</td>
<td>$7.37</td>
<td>$5.35</td>
<td>4.7%</td>
</tr>
<tr>
<td>The Walt Disney Co</td>
<td>16.20</td>
<td>1.79</td>
<td>2.13</td>
<td>1.2%</td>
<td>$3.85</td>
<td>$8.45</td>
<td>-0.49%</td>
</tr>
<tr>
<td>Spotify Technology SA</td>
<td>65.27</td>
<td>11.56</td>
<td>5.44</td>
<td>12.48%</td>
<td>$0.86</td>
<td>$1.35</td>
<td>7.12%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc</td>
<td>150.42</td>
<td>1.97</td>
<td>1.88</td>
<td>-0.41%</td>
<td>$4.28</td>
<td>$4.48</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc</td>
<td>106.50</td>
<td>65.46</td>
<td>1.41</td>
<td>38.94%</td>
<td>$0.98</td>
<td>$2.06</td>
<td>11.08%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc</td>
<td>78.21</td>
<td>4.23</td>
<td>20.60</td>
<td>1.01%</td>
<td>$0.31</td>
<td>$0.68</td>
<td>-27.31%</td>
</tr>
<tr>
<td>Warner Music Group Corp</td>
<td>43.94</td>
<td>24.48</td>
<td>2.35</td>
<td>17.64%</td>
<td>$0.34</td>
<td>$0.83</td>
<td>14.6%</td>
</tr>
<tr>
<td>Cinemark Holdings Inc</td>
<td>21.83</td>
<td>5.07</td>
<td>1.10</td>
<td>6.32%</td>
<td>$0.12</td>
<td>$0.55</td>
<td>-6.98%</td>
</tr>
<tr>
<td>Imax Corp</td>
<td>48.75</td>
<td>5.33</td>
<td>5.05</td>
<td>6.17%</td>
<td>$0.05</td>
<td>$0.07</td>
<td>16.62%</td>
</tr>
<tr>
<td>Marcus Corp</td>
<td>65</td>
<td>1.05</td>
<td>0.65</td>
<td>3.6%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>-9.68%</td>
</tr>
<tr>
<td>Reservoir Media Inc</td>
<td>49.53</td>
<td>1.31</td>
<td>2.97</td>
<td>0.61%</td>
<td>$0.02</td>
<td>$0.03</td>
<td>11.72%</td>
</tr>
<tr>
<td><strong>平均</strong></td>
<td><strong>64.56</strong></td>
<td><strong>12.22</strong></td>
<td><strong>4.36</strong></td>
<td><strong>8.76%</strong></td>
<td><strong>$1.08</strong></td>
<td><strong>$1.86</strong></td>
<td><strong>1.07%</strong></td>
</tr>
</tbody>
</table>
<p>通過仔細分析 Netflix，我們可以識別出以下趨勢：</p>
<ul>
<li>Netflix 的市盈率為 34.04，低於行業平均水平 0.53 倍，顯示出合理價格下的增長潛力，使其成為市場參與者的一個有趣選擇。</li>
</ul>
<ul>
<li>Netflix 的市淨率為 13.73，高於行業平均水平 1.12 倍，可能在賬面價值方面被視為高估，因為其交易倍數高於行業同行。</li>
</ul>
<ul>
<li>股票的市銷率相對較高，為 8.28，超過行業平均水平 1.9 倍，可能表明在銷售表現方面存在高估的情況。</li>
</ul>
<ul>
<li>該公司的股本回報率 (ROE) 為 9.2%，高於行業平均水平 0.44%。這表明其有效利用股本來產生利潤，展現出盈利能力和增長潛力。</li>
</ul>
<ul>
<li>與行業相比，該公司的息税折舊攤銷前利潤 (EBITDA) 為 73.7 億美元，高於行業平均水平 6.82 倍，表明其盈利能力更強，現金流生成能力穩健。</li>
</ul>
<ul>
<li>其毛利潤為 53.5 億美元，超過行業水平 2.88 倍，突顯出其核心業務的盈利能力更強，收益更高。</li>
</ul>
<ul>
<li>收入增長為 4.7%，超過行業平均水平 1.07%，表明公司正在展現出強勁的銷售擴張和市場份額的增長。</li>
</ul>
<h3>債務與股本比率</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769439656_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="債務與股本" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769439656_0.png"/></p>
<p>債務與股本比率 (D/E) 是評估公司財務結構和風險特徵的重要指標。</p>
<p>在行業比較中考慮債務與股本比率，可以簡明地評估公司的財務健康狀況和風險特徵，幫助做出明智的決策。</p>
<p>在根據債務與股本比率比較 Netflix 與其前四大同行時，可以觀察到以下見解：</p>
<ul>
<li>Netflix 在財務狀況上相對較強，債務與股本比率為 0.54，顯示出其財務狀況優於前四大同行。</li>
</ul>
<ul>
<li>這意味着該公司對債務融資的依賴較少，債務與股本之間的平衡更為有利。</li>
</ul>
<h3>關鍵要點</h3>
<p>對於 Netflix 來説，其市盈率相較於同行較低，表明潛在的低估。市淨率和市銷率較高，暗示相對於行業標準的高估。在股本回報率、息税折舊攤銷前利潤、毛利潤和收入增長方面，Netflix 相較於娛樂行業的競爭對手錶現強勁。</p>
<p><em>本文由 Benzinga 的自動內容引擎生成，並由編輯審核。</em></p>

2 倍做多 Netflix ETF - Direxion

1 倍做空 NFLX ETF - Direxion

2 倍做多 NFLX ETF - T-Rex

NFLW

奈飛

<p>在對奈飛與其娛樂行業同行的競爭分析中，關鍵財務指標為投資者提供了洞察。奈飛在全球擁有超過 3 億的訂閲用户，市盈率為 34.04，顯示出增長潛力。然而，其市淨率和市銷率則暗示了高估的可能性。奈飛的股本回報率為 9.2%，息税折舊攤銷前利潤為 73.7 億美元，在盈利能力和收入增長（4.7%）方面優於競爭對手。其較低的債務股本比率為 0.54，表明其財務狀況良好。總體而言，儘管存在一些估值方面的擔憂，奈飛的表現依然強勁</p>

<p>In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating <strong>Netflix (NASDAQ: NFLX)</strong> against its key competitors in the Entertainment industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.</p>
<div class="lb-trans"><p>在當今快速變化和競爭激烈的商業環境中，投資者和行業愛好者必須對公司進行深入分析。本文將對娛樂行業中的 <strong>Netflix (NASDAQ: NFLX)</strong> 進行全面的行業比較，評估其與主要競爭對手的表現。通過考察關鍵財務指標、市場地位和增長前景，我們旨在為投資者提供有價值的見解，並揭示公司在行業中的表現。</p>
</div><h3>Netflix Background</h3>
<div class="lb-trans"><h3>Netflix 背景</h3>
</div><p>Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.</p>
<div class="lb-trans"><p>Netflix 的商業模式相對簡單，僅涉及一個業務，即其流媒體服務。它在美國和全球市場上擁有最大的電視娛樂訂閲用户羣，全球訂閲用户超過 3 億。Netflix 幾乎覆蓋了除中國以外的全球所有人口。該公司傳統上避免常規的直播節目或體育內容，而是專注於按需訪問劇集、電影和紀錄片。該公司在 2022 年推出了廣告支持的訂閲計劃，使其除了歷史上幾乎佔據全部收入的訂閲費用外，還能接觸到廣告市場。</p>
</div><table>
<thead>
<tr>
<th><strong>Company</strong></th>
<th><strong>P/E</strong></th>
<th><strong>P/B</strong></th>
<th><strong>P/S</strong></th>
<th><strong>ROE</strong></th>
<th><strong>EBITDA (in billions)</strong></th>
<th><strong>Gross Profit (in billions)</strong></th>
<th><strong>Revenue Growth</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Netflix Inc</td>
<td>34.04</td>
<td>13.73</td>
<td>8.28</td>
<td>9.2%</td>
<td>$7.37</td>
<td>$5.35</td>
<td>4.7%</td>
</tr>
<tr>
<td>The Walt Disney Co</td>
<td>16.20</td>
<td>1.79</td>
<td>2.13</td>
<td>1.2%</td>
<td>$3.85</td>
<td>$8.45</td>
<td>-0.49%</td>
</tr>
<tr>
<td>Spotify Technology SA</td>
<td>65.27</td>
<td>11.56</td>
<td>5.44</td>
<td>12.48%</td>
<td>$0.86</td>
<td>$1.35</td>
<td>7.12%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc</td>
<td>150.42</td>
<td>1.97</td>
<td>1.88</td>
<td>-0.41%</td>
<td>$4.28</td>
<td>$4.48</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc</td>
<td>106.50</td>
<td>65.46</td>
<td>1.41</td>
<td>38.94%</td>
<td>$0.98</td>
<td>$2.06</td>
<td>11.08%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc</td>
<td>78.21</td>
<td>4.23</td>
<td>20.60</td>
<td>1.01%</td>
<td>$0.31</td>
<td>$0.68</td>
<td>-27.31%</td>
</tr>
<tr>
<td>Warner Music Group Corp</td>
<td>43.94</td>
<td>24.48</td>
<td>2.35</td>
<td>17.64%</td>
<td>$0.34</td>
<td>$0.83</td>
<td>14.6%</td>
</tr>
<tr>
<td>Cinemark Holdings Inc</td>
<td>21.83</td>
<td>5.07</td>
<td>1.10</td>
<td>6.32%</td>
<td>$0.12</td>
<td>$0.55</td>
<td>-6.98%</td>
</tr>
<tr>
<td>Imax Corp</td>
<td>48.75</td>
<td>5.33</td>
<td>5.05</td>
<td>6.17%</td>
<td>$0.05</td>
<td>$0.07</td>
<td>16.62%</td>
</tr>
<tr>
<td>Marcus Corp</td>
<td>65</td>
<td>1.05</td>
<td>0.65</td>
<td>3.6%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>-9.68%</td>
</tr>
<tr>
<td>Reservoir Media Inc</td>
<td>49.53</td>
<td>1.31</td>
<td>2.97</td>
<td>0.61%</td>
<td>$0.02</td>
<td>$0.03</td>
<td>11.72%</td>
</tr>
<tr>
<td><strong>Average</strong></td>
<td><strong>64.56</strong></td>
<td><strong>12.22</strong></td>
<td><strong>4.36</strong></td>
<td><strong>8.76%</strong></td>
<td><strong>$1.08</strong></td>
<td><strong>$1.86</strong></td>
<td><strong>1.07%</strong></td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th><strong>公司</strong></th>
<th><strong>市盈率 (P/E)</strong></th>
<th><strong>市淨率 (P/B)</strong></th>
<th><strong>市銷率 (P/S)</strong></th>
<th><strong>股本回報率 (ROE)</strong></th>
<th><strong>息税折舊攤銷前利潤 (EBITDA)（十億美元）</strong></th>
<th><strong>毛利潤（十億美元）</strong></th>
<th><strong>收入增長</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Netflix Inc</td>
<td>34.04</td>
<td>13.73</td>
<td>8.28</td>
<td>9.2%</td>
<td>$7.37</td>
<td>$5.35</td>
<td>4.7%</td>
</tr>
<tr>
<td>The Walt Disney Co</td>
<td>16.20</td>
<td>1.79</td>
<td>2.13</td>
<td>1.2%</td>
<td>$3.85</td>
<td>$8.45</td>
<td>-0.49%</td>
</tr>
<tr>
<td>Spotify Technology SA</td>
<td>65.27</td>
<td>11.56</td>
<td>5.44</td>
<td>12.48%</td>
<td>$0.86</td>
<td>$1.35</td>
<td>7.12%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc</td>
<td>150.42</td>
<td>1.97</td>
<td>1.88</td>
<td>-0.41%</td>
<td>$4.28</td>
<td>$4.48</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc</td>
<td>106.50</td>
<td>65.46</td>
<td>1.41</td>
<td>38.94%</td>
<td>$0.98</td>
<td>$2.06</td>
<td>11.08%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc</td>
<td>78.21</td>
<td>4.23</td>
<td>20.60</td>
<td>1.01%</td>
<td>$0.31</td>
<td>$0.68</td>
<td>-27.31%</td>
</tr>
<tr>
<td>Warner Music Group Corp</td>
<td>43.94</td>
<td>24.48</td>
<td>2.35</td>
<td>17.64%</td>
<td>$0.34</td>
<td>$0.83</td>
<td>14.6%</td>
</tr>
<tr>
<td>Cinemark Holdings Inc</td>
<td>21.83</td>
<td>5.07</td>
<td>1.10</td>
<td>6.32%</td>
<td>$0.12</td>
<td>$0.55</td>
<td>-6.98%</td>
</tr>
<tr>
<td>Imax Corp</td>
<td>48.75</td>
<td>5.33</td>
<td>5.05</td>
<td>6.17%</td>
<td>$0.05</td>
<td>$0.07</td>
<td>16.62%</td>
</tr>
<tr>
<td>Marcus Corp</td>
<td>65</td>
<td>1.05</td>
<td>0.65</td>
<td>3.6%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>-9.68%</td>
</tr>
<tr>
<td>Reservoir Media Inc</td>
<td>49.53</td>
<td>1.31</td>
<td>2.97</td>
<td>0.61%</td>
<td>$0.02</td>
<td>$0.03</td>
<td>11.72%</td>
</tr>
<tr>
<td><strong>平均</strong></td>
<td><strong>64.56</strong></td>
<td><strong>12.22</strong></td>
<td><strong>4.36</strong></td>
<td><strong>8.76%</strong></td>
<td><strong>$1.08</strong></td>
<td><strong>$1.86</strong></td>
<td><strong>1.07%</strong></td>
</tr>
</tbody>
</table>
</div><p>By closely examining Netflix, we can identify the following trends:</p>
<div class="lb-trans"><p>通過仔細分析 Netflix，我們可以識別出以下趨勢：</p>
</div><ul>
<li>With a Price to Earnings ratio of 34.04, which is 0.53x less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.</li>
</ul>
<div class="lb-trans"><ul>
<li>Netflix 的市盈率為 34.04，低於行業平均水平 0.53 倍，顯示出合理價格下的增長潛力，使其成為市場參與者的一個有趣選擇。</li>
</ul>
</div><ul>
<li>With a Price to Book ratio of 13.73, which is 1.12x the industry average, Netflix might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.</li>
</ul>
<div class="lb-trans"><ul>
<li>Netflix 的市淨率為 13.73，高於行業平均水平 1.12 倍，可能在賬面價值方面被視為高估，因為其交易倍數高於行業同行。</li>
</ul>
</div><ul>
<li>The stock's relatively high Price to Sales ratio of 8.28, surpassing the industry average by 1.9x, may indicate an aspect of overvaluation in terms of sales performance.</li>
</ul>
<div class="lb-trans"><ul>
<li>股票的市銷率相對較高，為 8.28，超過行業平均水平 1.9 倍，可能表明在銷售表現方面存在高估的情況。</li>
</ul>
</div><ul>
<li>The company has a higher Return on Equity (ROE) of 9.2%, which is 0.44% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.</li>
</ul>
<div class="lb-trans"><ul>
<li>該公司的股本回報率 (ROE) 為 9.2%，高於行業平均水平 0.44%。這表明其有效利用股本來產生利潤，展現出盈利能力和增長潛力。</li>
</ul>
</div><ul>
<li>Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $7.37 Billion, which is 6.82x above the industry average, indicating stronger profitability and robust cash flow generation.</li>
</ul>
<div class="lb-trans"><ul>
<li>與行業相比，該公司的息税折舊攤銷前利潤 (EBITDA) 為 73.7 億美元，高於行業平均水平 6.82 倍，表明其盈利能力更強，現金流生成能力穩健。</li>
</ul>
</div><ul>
<li>The gross profit of $5.35 Billion is 2.88x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.</li>
</ul>
<div class="lb-trans"><ul>
<li>其毛利潤為 53.5 億美元，超過行業水平 2.88 倍，突顯出其核心業務的盈利能力更強，收益更高。</li>
</ul>
</div><ul>
<li>With a revenue growth of 4.7%, which surpasses the industry average of 1.07%, the company is demonstrating robust sales expansion and gaining market share.</li>
</ul>
<div class="lb-trans"><ul>
<li>收入增長為 4.7%，超過行業平均水平 1.07%，表明公司正在展現出強勁的銷售擴張和市場份額的增長。</li>
</ul>
</div><h3>Debt To Equity Ratio</h3>
<div class="lb-trans"><h3>債務與股本比率</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769439656_0.png" alt="debt to equity" original-src="https://www.benzinga.com/files/images/story/2026/1769439656_0.png"/></p>
<p>The debt-to-equity (D/E) ratio is an important measure to assess the financial structure and risk profile of a company.</p>
<div class="lb-trans"><p>債務與股本比率 (D/E) 是評估公司財務結構和風險特徵的重要指標。</p>
</div><p>Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.</p>
<div class="lb-trans"><p>在行業比較中考慮債務與股本比率，可以簡明地評估公司的財務健康狀況和風險特徵，幫助做出明智的決策。</p>
</div><p>When comparing Netflix with its top 4 peers based on the Debt-to-Equity ratio, the following insights can be observed:</p>
<div class="lb-trans"><p>在根據債務與股本比率比較 Netflix 與其前四大同行時，可以觀察到以下見解：</p>
</div><ul>
<li>Netflix is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.54.</li>
</ul>
<div class="lb-trans"><ul>
<li>Netflix 在財務狀況上相對較強，債務與股本比率為 0.54，顯示出其財務狀況優於前四大同行。</li>
</ul>
</div><ul>
<li>This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.</li>
</ul>
<div class="lb-trans"><ul>
<li>這意味着該公司對債務融資的依賴較少，債務與股本之間的平衡更為有利。</li>
</ul>
</div><h3>Key Takeaways</h3>
<div class="lb-trans"><h3>關鍵要點</h3>
</div><p>For Netflix, the PE ratio is low compared to peers, indicating potential undervaluation. The PB and PS ratios are high, suggesting overvaluation relative to industry standards. In terms of ROE, EBITDA, gross profit, and revenue growth, Netflix demonstrates strong performance compared to its competitors in the Entertainment sector.</p>
<div class="lb-trans"><p>對於 Netflix 來説，其市盈率相較於同行較低，表明潛在的低估。市淨率和市銷率較高，暗示相對於行業標準的高估。在股本回報率、息税折舊攤銷前利潤、毛利潤和收入增長方面，Netflix 相較於娛樂行業的競爭對手錶現強勁。</p>
</div><p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>
<div class="lb-trans"><p><em>本文由 Benzinga 的自動內容引擎生成，並由編輯審核。</em></p>
</div>

Inquiry Into Netflix's Competitor Dynamics In Entertainment Industry

- Netflix 以 3 億訂閲用户引領市場，提供點播服務，進入廣告市場。  
- 它的市盈率（PE）為 34.04，低於行業平均值，顯示出增長潛力。  
- 在收益、毛利和收入增長方面，Netflix 表現優於行業競品。

調查奈飛在娛樂行業中的競爭對手動態