Netflix (NFLX) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the quarter. It rose compared to both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the quarter. It rose compared to both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.4B
Revenue reported for this quarter.
Quarter-over-quarter
+6.1%
Change from the immediately preceding quarter.
Year-over-year
+14.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.9B
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 |
|---|---|---|
| Jun 30, 2023 | $8.2B | +2.7% |
| Sep 30, 2023 | $8.5B | +7.8% |
| Dec 31, 2023 | $8.8B | +12.5% |
| Mar 31, 2024 | $9.4B | +14.8% |
Revenue performance
The expansion reflects a higher year-over-year comparison and sequential improvement in the top line.
Quarterly comparison
Sequentially, revenue grew from the prior quarter. Year-over-year, revenue was also higher than the same quarter last year.
What to watch
Monitor the company's cash position and debt obligations given recent share repurchases and debt repayments.