secwatch.observer — SEC 8-K summary
======================================

Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001065280-21-000249
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netflix Q2 2021: revenue $7.3B (+19% YoY), EPS $2.97; 1.54M net adds slight beat; Q3 guidance 3.5M adds
--------------------------------------------------------------------------------

- Revenue $7.34B (+19.4% YoY); operating income $1.85B (25.2% margin); EPS $2.97 vs $1.59 YoY.
- Paid memberships 209.18M; net adds 1.54M (above 1.0M forecast); UCAN down 0.43M, APAC two-thirds of adds.
- Q3 forecast: revenue $7.48B (+16.2% YoY), diluted EPS $2.55, 3.5M paid net adds.
- Free cash flow -$175M in Q2; full-year 2021 FCF expected to be approximately break-even.
- Expanding into gaming as new content category; mobile-only plan launched in 78 additional countries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528021000249/0001065280-21-000249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528021000249/nflx-20210720.htm
  HTML page:      https://secwatch.observer/filing/0001065280-21-000249

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer