---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-24-000127"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:01:11.174708+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065280-24-000127
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528024000127/0001065280-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528024000127/nflx-20240412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-24-000127
- JSON: https://secwatch.observer/filing/0001065280-24-000127.json
- Plain text: https://secwatch.observer/filing/0001065280-24-000127.txt

## Key facts
- Earnings Releases
  NETFLIX INC reported financial results for quarter ended March 31, 2024.
  - Period: quarter ended March 31, 2024
  - Result: reported results
  source text: On April 18, 2024, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065280/000106528024000127/0001065280-24-000127-index.htm

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