---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-23-000119"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:28:58.886472+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065280-23-000119
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000119/0001065280-23-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000119/nflx-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-23-000119
- JSON: https://secwatch.observer/filing/0001065280-23-000119.json
- Plain text: https://secwatch.observer/filing/0001065280-23-000119.txt

## Key facts
- Earnings Releases
  NETFLIX INC reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: On April 18, 2023, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000119/0001065280-23-000119-index.htm

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