Netflix (NFLX) Revenue — Quarter Ended Dec 31, 2023
Netflix reported revenue growth in the fourth quarter, reflecting a positive trend. The company's top line improved compared to both the prior quarter and the same period last year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Netflix reported revenue growth in the fourth quarter, reflecting a positive trend. The company's top line improved compared to both the prior quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.8B
Revenue reported for this quarter.
Quarter-over-quarter
+3.4%
Change from the immediately preceding quarter.
Year-over-year
+12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.7B
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 |
|---|---|---|
| Mar 31, 2023 | $8.2B | +3.7% |
| Jun 30, 2023 | $8.2B | +2.7% |
| Sep 30, 2023 | $8.5B | +7.8% |
| Dec 31, 2023 | $8.8B | +12.5% |
Revenue performance
Revenue rose sequentially from the third quarter, continuing an upward trajectory observed through the year.
Quarterly comparison
Compared to the same quarter a year ago, revenue also increased, indicating sustained year-over-year expansion.
What to watch
Monitor the sustainability of revenue growth given the company's evolving capital structure and debt levels.