secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001065280-24-000127
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528024000127/0001065280-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528024000127/nflx-20240412.htm
  HTML page:      https://secwatch.observer/filing/0001065280-24-000127

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