Exhibit 99.1
January 17, 2019

Fellow shareholders,

We grew annual revenue 35% to $16 billion in 2018, and nearly doubled operating profits to $1.6 billion. Fueling this growth was our high member satisfaction, which propelled us to finish 2018 with 139 million paying memberships, up 9 million from quarter start and up 29 million from the beginning of the year.
 (in millions except per share data and Streaming Content Obligations)
Q4'17
Q1'18
Q2'18
Q3'18
Q4'18
Q1'19 Forecast
Revenue
$
3,286

$
3,701

$
3,907

$
3,999

$
4,187

$
4,494

Y/Y % Growth
32.6
%
40.4
%
40.3
%
34.0
%
27.4
%
21.4
%
Operating Income
$
245

$
447

$
462

$
481

$
216

$
400

Operating Margin
7.5
%
12.1
%
11.8
%
12.0
%
5.2
%
8.9
%
Net Income
$
186

$
290

$
384

$
403

$
134

$
253

Diluted EPS
$
0.41

$
0.64

$
0.85

$
0.89

$
0.30

$
0.56

 
 
 
 
 
 
 
Global Streaming Paid Memberships
110.64

118.90

124.35

130.42

139.26

148.16

Y/Y % Growth
24.2
%
26.0
%
25.6
%
25.4
%
25.9
%
24.6
%
Global Streaming Paid Net Additions
6.62

8.26

5.45

6.07

8.84

8.90

 
 
 
 
 
 
 
Net cash (used in) operating activities
$
(488
)
$
(237
)
$
(518
)
$
(690
)
$
(1,235
)
 
Free Cash Flow
$
(524
)
$
(287
)
$
(559
)
$
(859
)
$
(1,315
)
 
EBITDA
$
313

$
534

$
563

$
584

$
328

 
Shares (FD)
448.1

450.4

451.6

451.9

451.1

 
Streaming Content Obligations* ($B)
17.7

17.9

18.4

18.6

19.3

 
Note: Figures are consolidated, including DVD.
 
 
 
 
 
 
*Corresponds to our total known streaming content obligations as defined in our financial statements and related notes in our most recently filed SEC Form 10-K

nflxlogo2015a17.jpg
1

The following information was filed by Netflix Inc (NFLX) on Thursday, January 17, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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