secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001065280-22-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netflix Q4 revenue $7.71B (+16% YoY), EPS $1.33, paid net adds 8.28M; Q1 forecast 2.5M adds
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- Q4 revenue $7.709B (+16% YoY), operating margin 8.2% (vs 14.4% a year ago), EPS $1.33 (incl $104M FX gain).
- Full year 2021 revenue $30B (+19% YoY), operating income $6.2B (+35%), free cash flow -$159M (approx break-even).
- Q1 2022 forecast: revenue $7.903B (+10.3% YoY), EPS $2.86, paid net adds 2.5M (vs 4.0M a year ago).
- 2022 operating margin target 19%-20%, with ~$1B FX headwind from USD strength; no share repurchases in Q4 due to Roald Dahl acquisition.
- Board to recommend declassifying board, removing supermajority voting, enabling shareholder special meetings at next annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528022000035/0001065280-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528022000035/nflx-20220120.htm
  HTML page:      https://secwatch.observer/filing/0001065280-22-000035

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