NFLX Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), NFLX reported revenue of $9.8B, gross profit of $4.7B (47.9% gross margin), operating income of $2.9B, and net income of $2.4B (24.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue grew 15.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +15.0% | +40.9% | +4.4 pp |
| Quarter over quarter | +2.8% | +10.1% | +1.6 pp |
Consensus estimate data is not available for this report.
NFLX Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $9.8B | 100% |
| Cost of Revenue | −$5.1B | 52.1% |
| Gross Profit | $4.7B | 47.9% |
| Research & Development | −$735M | 7.5% |
| Selling, General & Administrative | −$1.1B | 10.8% |
| Operating Income | $2.9B | 29.6% |
| Interest Expense | −$185M | 1.9% |
| Other Income, net | −$22M | 0.2% |
| Income Tax Expense | −$339M | 3.5% |
| Net Income | $2.4B | 24.1% |
Source: original SEC filing (filed 2024-10-17). Accession 0001065280-24-000286. Data normalized by EarningsFyi.