Netflix Q1 revenue $9.37B, EPS $5.28 beat; raises FY24 op margin to 25%

NETFLIX INC

2024-Q1 EPS reported $5.28 revenue$9,370,440,000

Q1 revenue $9.37B (+15% YoY); operating income $2.63B (+54%); diluted EPS $5.28 vs $2.88 and $4.49 forecast.
Paid net additions 9.33M (vs 1.75M YoY); global members 269.6M (+16% YoY).
FY24 operating margin guidance raised to 25% from 24%; Q2 revenue forecast $9.49B (+16% YoY).
Entered $3B unsecured revolver (replacing $1B facility); no borrowings at close.
Starting Q1'25, Netflix will stop reporting quarterly membership numbers and ARM.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETFLIX INC reported financial results for quarter ended March 31, 2024.

Period: quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 18, 2024, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001065280-24-000127

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