Deferred Revenue
PPL Deferred Revenue increased by 1.9% to $328.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 4.8%, from $313.00M to $328.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | $307.00M | $313.00M | $552.00M | $443.00M | $322.00M | $328.00M |
| QoQ Change | — | +2.0% | +76.4% | -19.7% | -27.3% | +1.9% |
| YoY Change | — | — | +79.8% | — | — | +4.8% |
Business Segments
| Segment | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|
| Corporate and Other | $48.00M | $46.00M | $38.00M | $42.00M | $41.00M | $41.00M | $30.00M | $27.00M |
| Total | — | $307.00M | — | — | $313.00M | $552.00M | $443.00M | $322.00M |
Corporate and Other was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is PPL's deferred revenue?
- PPL (PPL) reported deferred revenue of $328.00M in Q3 2023.
- How has PPL's deferred revenue changed year-over-year?
- PPL's deferred revenue increased by 4.8% year-over-year, from $313.00M to $328.00M.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.