secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001065280-22-000144
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netflix Q1 2022 EPS $3.53, revenue $7.87B; subscriber loss of 200k, Q2 forecast loss of 2M
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- Revenue $7.87B (+9.8% YoY), operating margin 25.1%; diluted EPS $3.53 vs $3.75 YoY.
- Global streaming paid memberships fell 200k (first decline); Q2 forecast loss of 2M subscribers.
- Netflix estimates over 100M households share accounts; plans to monetize sharing in near term.
- Free cash flow positive at $802M; no share repurchases in Q1; debt repayments of $700M.
- Revenue growth slowed to 9.8% due to competition, account sharing, macro headwinds; Russia suspension impacted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528022000144/0001065280-22-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528022000144/nflx-20220419.htm
  HTML page:      https://secwatch.observer/filing/0001065280-22-000144

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