Netflix (NFLX) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter ended June 30, 2023 increased compared to both the prior quarter and the same quarter a year earlier. The sequential rise was smaller than the year-over-year gain.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter ended June 30, 2023 increased compared to both the prior quarter and the same quarter a year earlier. The sequential rise was smaller than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $7.9B | +5.9% |
| Dec 31, 2022 | $7.9B | +1.9% |
| Mar 31, 2023 | $8.2B | +3.7% |
| Jun 30, 2023 | $8.2B | +2.7% |
Revenue performance
Revenue rose sequentially as well as year over year, driven in part by the company’s ongoing business initiatives.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved modestly. Versus the same quarter one year earlier, the increase was more pronounced.
What to watch
Revenue growth slowed sequentially despite a stronger year-over-year comparison, which may warrant monitoring of underlying trends.