Netflix (NFLX) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the quarter, continuing a trend of growth from the prior quarter and from the same period last year. The company's top line showed both sequential and year-over-year improvement.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the quarter, continuing a trend of growth from the prior quarter and from the same period last year. The company's top line showed both sequential and year-over-year improvement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.8B
Revenue reported for this quarter.
Quarter-over-quarter
+2.8%
Change from the immediately preceding quarter.
Year-over-year
+15.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.6B
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, 2023 | $8.8B | +12.5% |
| Mar 31, 2024 | $9.4B | +14.8% |
| Jun 30, 2024 | $9.6B | +16.8% |
| Sep 30, 2024 | $9.8B | +15.0% |
Revenue performance
The reported revenue reflects an upward trajectory, with the quarterly figure higher than both the immediately preceding quarter and the year-ago quarter. This performance underscores the company's ongoing revenue expansion.
Quarterly comparison
Compared to the prior quarter, revenue increased, and it also rose significantly versus the same quarter last year. These comparisons indicate sustained demand for the company's services.
What to watch
Monitor the company's debt maturities and cash flow, as upcoming principal and interest payments over the next year represent a notable obligation.