NFLX Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), NFLX reported revenue of $8.8B, gross profit of $3.5B (39.9% gross margin), operating income of $1.5B, and net income of $938M (10.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue grew 3.4% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.4% | −44.1% | −9.0 pp |
Consensus estimate data is not available for this report.
NFLX Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $8.8B | 100% |
| Cost of Revenue | −$5.3B | 60.1% |
| Gross Profit | $3.5B | 39.9% |
| Research & Development | −$673M | 7.6% |
| Selling, General & Administrative | −$1.4B | 15.4% |
| Operating Income | $1.5B | 16.9% |
| Interest Expense | −$175M | 2.0% |
| Other Income, net | −$173M | 2.0% |
| Income Tax Expense | −$210M | 2.4% |
| Net Income | $938M | 10.6% |
Source: original SEC filing (filed 2024-01-23). Accession 0001065280-24-000029. Data normalized by EarningsFyi.