---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-23-000272"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:38:15.458625+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Netflix Q3 beats on earnings; raises FY23 operating margin and FCF guidance; boosts buyback by $10B

## Summary
- Q3 revenue $8.54B (+7.8% YoY); EPS $3.73 vs $3.10 last year; paid net adds 8.76M.
- FY23 operating margin guidance raised to 20% (high end); FY24 operating margin expected 22-23%.
- FY23 free cash flow forecast raised to ~$6.5B (from at least $5B); Q3 FCF $1.888B.
- Board authorized additional $10B share repurchase; total available ~$10.9B as of Sep 30.
- Ads plan membership grew 70% QoQ; price increases announced in US, UK, France.

## SEC filing metadata
- accession: 0001065280-23-000272
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000272/0001065280-23-000272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000272/nflx-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-23-000272
- JSON: https://secwatch.observer/filing/0001065280-23-000272.json
- Plain text: https://secwatch.observer/filing/0001065280-23-000272.txt

## Key facts
- Earnings Releases
  NETFLIX INC reported the quarter ended September 30, 2023 results: revenue $8.5B, net income $1.677, EPS $3.73. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Revenue: $8.5B
  - Net income: $1.677
  - EPS: $3.73
  - Guidance: reaffirmed
  - Result: reported results
  source text: reference in such filing. --- EX-99.1 (EX-99.1) --- October 18, 2023 Fellow shareholders, Summary: • Our Q3 financials were in-line with to ahead of forecast with revenue of $8.5B, paid net adds of 9M and operating margin of 22.4%. We now expect operating margin 1 of 20% for FY23 (the high end of our 18% to 20% range). • We now expect FY23 free cash flow
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000272/0001065280-23-000272-index.htm

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