{"schema_version":"secwatch.filing_event.v1","accession":"0001065280-26-000290","form_type":"8-K","ticker":"NFLX","cik":"0001065280","company_name":"NETFLIX INC","filed_at":"2026-10-20T20:01:55+00:00","discovered_at":"2026-10-20T20:03:00.270309+00:00","generated_at":"2026-10-20T20:03:07.099621+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.72,"calibrated_materiality_score":0.72,"confidence":"high","headline":"Netflix Q3 revenue $12.9B (+12%), EPS $0.87 (+49%), margin 34.6%; 2026 ad revenue guide cut to ~$2.7B","bullets":["Q3'26 revenue $12.87B, +12% YoY (+11% F/X neutral), in line with forecast; operating income $4.46B (+37%) and margin 34.6% vs 28.2%, ahead on expense timing.","Diluted EPS $0.87 vs $0.59 (+49%); net income $3.66B. Q4 guide: revenue $13.44B (+11.5%), operating margin 26.0% including ~120bps hit from headcount reductions.","FY2026 revenue guide $51.1B (+13%), 0.2% below prior midpoint; ad revenue now ~$2.7B vs ~$3B previously on slower ad-product rollout; FY operating margin 31.5%.","2026 free cash flow forecast trimmed to ~$12.0B from $12.5B, mainly timing of a Q4 real estate transaction; Q3 FCF $2.88B vs $2.66B a year ago.","Record $4.8B buyback of 63.9M shares; $22.3B left in authorizations. Gross debt $15.3B after $1B bond deal; cash $8.2B. India view hours +24% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001065280-26-000290","json":"https://secwatch.observer/filing/0001065280-26-000290.json","markdown":"https://secwatch.observer/filing/0001065280-26-000290.md","text":"https://secwatch.observer/filing/0001065280-26-000290.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/0001065280-26-000290-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/nflx-20261020.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-20T20:03:07.099621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}