Netflix Q1 revenue $8.16B, EPS $2.88 beats; raises FCF guidance to $3.5B

NETFLIX INC

2023-Q1 EPS reported $2.88 revenue$8,161,503,000

Revenue $8.162B (+3.7% YoY), net income $1.305B, diluted EPS $2.88 (vs guidance $2.82).
Paid net adds 1.75M vs -0.2M YoY; global memberships 232.5M (+4.9% YoY).
Free cash flow $2.117B in Q1, up from $0.802B YoY; full-year FCF guidance raised to at least $3.5B.
Achieved investment grade (Moody's Baa3); broad paid sharing rollout planned in Q2.
Ads plan upgraded to 1080p and two concurrent streams; US ads ARM now exceeds standard plan.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETFLIX INC reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On April 18, 2023, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001065280-23-000119

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