secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001065280-24-000199
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netflix Q2 revenue $9.56B (+17% YoY), EPS $4.88; raises FY24 margin guide to 26%
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- Q2 revenue $9.56B (+17% YoY), operating margin 27.2% vs 22.3% YoY, EPS $4.88 (+48% YoY).
- Paid net adds 8.05M (vs 5.89M YoY); 277.65M total members (+16.5% YoY). Ads tier membership +34% QoQ.
- FY24 revenue growth guidance raised to 14-15% (from 13-15%); operating margin now 26% (from 25%).
- Q2 free cash flow $1.2B; FY24 FCF still ~$6B. Repurchased 2.6M shares for $1.6B.
- Building in-house ad tech platform to test in Canada in 2024, broader launch in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528024000199/0001065280-24-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528024000199/nflx-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001065280-24-000199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer