---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-23-000197"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:12:40.118711+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065280-23-000197
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000197/0001065280-23-000197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000197/nflx-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-23-000197
- JSON: https://secwatch.observer/filing/0001065280-23-000197.json
- Plain text: https://secwatch.observer/filing/0001065280-23-000197.txt

## Key facts
- Earnings Releases
  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
  source text: Q2‘23 revenue of $8.2B and operating profit of $1.8B were generally in-line with our forecast
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000197/0001065280-23-000197-index.htm

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