Netflix Q2 beats with 5.9M paid net adds; raises FCF guidance to at least $5B

NETFLIX INC

2023-Q2 EPS reported $6.18 revenue$16,348,804,000

Q2 revenue $8.2B (+2.7% YoY); diluted EPS $3.29 vs $3.20 a year ago.
Paid net additions of 5.9M (vs -1.0M in Q2'22), driven by successful paid sharing rollout in 100+ countries.
Q2 operating margin 22.3% (up from 19.8% YoY); Q3 forecast revenue $8.52B, operating margin 22.2%.
FY2023 operating margin target 18%-20%; FCF guidance raised to at least $5B from at least $3.5B.
Share repurchases of $645M in Q2; remaining $3.4B authorization; cash $8.6B, debt $14.5B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETFLIX INC reported the quarter ended June 30, 2023 results: revenue $8.2B, net income $1,488, EPS $3.29. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $8.2B
Net income: $1,488
EPS: $3.29
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Q2‘23 revenue of $8.2B and operating profit of $1.8B were generally in-line with our forecast

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Source: SEC EDGAR

accession 0001065280-23-000197

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