secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001065280-23-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/0001065280-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000034/nflx-20230113.htm
  HTML page:      https://secwatch.observer/filing/0001065280-23-000034

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