Netflix (NFLX) Revenue — Quarter Ended Sep 30, 2023
Netflix reported higher revenue for the quarter. The growth rate slowed compared to the prior quarter but accelerated versus the same period last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Netflix reported higher revenue for the quarter. The growth rate slowed compared to the prior quarter but accelerated versus the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.5B
Revenue reported for this quarter.
Quarter-over-quarter
+4.3%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.7B
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 |
|---|---|---|
| Dec 31, 2022 | $7.9B | +1.9% |
| Mar 31, 2023 | $8.2B | +3.7% |
| Jun 30, 2023 | $8.2B | +2.7% |
| Sep 30, 2023 | $8.5B | +7.8% |
Revenue performance
Revenue increased compared to both the immediate prior quarter and the same quarter a year earlier. The sequential expansion was more moderate than the year-over-year gain.
Quarterly comparison
The sequential increase from the preceding quarter was smaller than the rise from the same quarter one year ago. The trailing twelve-month revenue also remained at an elevated level.
What to watch
No specific risk or forward-looking commentary was cited in the supplied context to warrant a watch item.