Netflix (NFLX) Revenue — Quarter Ended Jun 30, 2024
Revenue increased for the quarter. The growth was driven by higher average paid memberships and a rise in average revenue per membership.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased for the quarter. The growth was driven by higher average paid memberships and a rise in average revenue per membership.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+16.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.3B
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, 2023 | $8.5B | +7.8% |
| Dec 31, 2023 | $8.8B | +12.5% |
| Mar 31, 2024 | $9.4B | +14.8% |
| Jun 30, 2024 | $9.6B | +16.8% |
Revenue performance
Revenue rose compared to the prior quarter, reflecting continued business momentum. The year-over-year comparison also showed a substantial increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue was also higher.
What to watch
Monitor the trajectory of paid membership growth and average revenue per membership in upcoming quarters.