---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-23-000034"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T12:53:39.334287+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065280-23-000034
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/0001065280-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/nflx-20230113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-23-000034
- JSON: https://secwatch.observer/filing/0001065280-23-000034.json
- Plain text: https://secwatch.observer/filing/0001065280-23-000034.txt

## Key facts
- Earnings Releases
  NETFLIX INC reported financial results for the quarter ended December 31, 2022.
  - Period: the quarter ended December 31, 2022
  - Result: reported results
  source text: On January 19, 2023, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/0001065280-23-000034-index.htm
- Executive change
  Greg Peters was appointed as co-Chief Executive Officer at NETFLIX INC.
  - Action: appointed
  - Role: co-Chief Executive Officer
  source text: Greg Peters, age 52, was appointed as co-Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/0001065280-23-000034-index.htm
- Executive change
  Reed Hastings was appointed as Executive Chairman at NETFLIX INC.
  - Action: appointed
  - Role: Executive Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/0001065280-23-000034-index.htm
- Executive change
  Greg Peters was appointed as Director at NETFLIX INC.
  - Action: appointed
  - Role: Director
  source text: Additionally, Mr. Peters has been appointed to the Board and will hold office as a Class I director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/0001065280-23-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.