secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001065280-23-000272
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000272/0001065280-23-000272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528023000272/nflx-20231018.htm
  HTML page:      https://secwatch.observer/filing/0001065280-23-000272

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