secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001065280-23-000197
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000197/0001065280-23-000197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000197/nflx-20230719.htm
  HTML page:      https://secwatch.observer/filing/0001065280-23-000197

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