8-K filed January 19, 2023, 6:59 PM ET ticker NFLX CIK 0001065280

earnings confidence high sentiment neutral materiality 0.80

Netflix Q4 revenue $7.85B, EPS $0.12 on FX loss; guides Q1 rev $8.17B; Peters named co-CEO

NETFLIX INC

2022-FY EPS reported $9.95 revenue$31,615,550,000

Q4 revenue $7.852B (+2% YoY, +10% F/X neutral); GAAP EPS $0.12, includes $462M unrealized FX loss on Euro debt.
Paid net adds 7.66M (vs forecast 4.5M), total memberships 230.75M; full-year FCF $1.6B.
Q1'23 revenue forecast $8.172B (+4% YoY, +8% F/X neutral); expects modest positive paid net adds.
Full-year 2023 operating margin target 18-20% (21-22% on prior FX rates); expects at least $3B FCF.
Leadership: Reed Hastings becomes Executive Chairman; Greg Peters promoted to co-CEO alongside Ted Sarandos, effective Jan 13.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Greg Peters

co-Chief Executive Officer

NFLX · NETFLIX INC

Effective: 2023-01-13
Filed: January 19, 2023, 6:59 PM ET

Greg Peters, age 52, was appointed as co-Chief Executive Officer of the Company.

Role change

Reed Hastings

Executive Chairman

NFLX · NETFLIX INC

Effective: 2023-01-13
Filed: January 19, 2023, 6:59 PM ET

On January 13, 2023, Reed Hastings was appointed as Executive Chairman of the Board of Directors (the “Board”) of the Company, effective immediately. At that time, Mr. Hastings resigned his role as co-Chief Executive Officer and President of the Company, but remains an employee of the Company in his new role as Executive Chairman.

Appointed

Greg Peters

Director

NFLX · NETFLIX INC

Effective: 2023-01-13
Filed: January 19, 2023, 6:59 PM ET

Additionally, Mr. Peters has been appointed to the Board and will hold office as a Class I director.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETFLIX INC reported financial results for the quarter ended December 31, 2022.

Period: the quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On January 19, 2023, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Peters was appointed as co-Chief Executive Officer at NETFLIX INC.

Action: appointed
Role: co-Chief Executive Officer

Exact text from the filing

Greg Peters, age 52, was appointed as co-Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Reed Hastings was appointed as Executive Chairman at NETFLIX INC.

Action: appointed
Role: Executive Chairman

Exact text from the filing

On January 13, 2023, Reed Hastings was appointed as Executive Chairman of the Board of Directors (the “Board”) of the Company, effective immediately. At that time, Mr. Hastings resigned his role as co-Chief Executive Officer and President of the Company, but remains an employee of the Company in his new role as Executive Chairman.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Peters was appointed as Director at NETFLIX INC.

Action: appointed
Role: Director

Exact text from the filing

Additionally, Mr. Peters has been appointed to the Board and will hold office as a Class I director.

View on SEC.gov

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Source: SEC EDGAR

accession 0001065280-23-000034

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