secwatch.observer — SEC 8-K summary
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Issuer:     NETFLIX INC (NFLX)
CIK:        0001065280
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001065280-26-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netflix Q4 rev $12.05B beats guidance; FY26 rev forecast $50.7-51.7B
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- Q4 revenue $12.05B (+18% YoY); diluted EPS $0.56 vs $0.43 YoY; paid memberships exceeded 325M.
- Full year 2025 revenue $45.2B (+16% YoY); operating margin 29.5% (up 3 pts); ad revenue >$1.5B (2.5x YoY).
- FY26 revenue guidance $50.7B-$51.7B (+12-14% YoY); operating margin target 31.5%; ad revenue expected to roughly double.
- Q4 operating income $2.96B (+30% YoY); FCF $1.87B; includes ~$60M interest expense for Warner Bros.-related bridge loan.
- Q1'26 revenue forecast $12.16B (+15.3% YoY); operating margin 32.1% forecast.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/0001065280-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065280/000106528026000033/nflx-20260120.htm
  HTML page:      https://secwatch.observer/filing/0001065280-26-000033

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