secwatch.observer — SEC 8-K summary
======================================

Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001065280-23-000119
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000119/0001065280-23-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000119/nflx-20230418.htm
  HTML page:      https://secwatch.observer/filing/0001065280-23-000119

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