Exhibit 99.1
April 16, 2019

Fellow shareholders,

Revenue surpassed $4.5 billion in Q1 and we recorded the highest quarterly paid net adds in our history (9.6m, up 16% year over year). For 20 years, we've had the same strategy: when we please our members, they watch more and we grow more.
 (in millions except per share data and Streaming Content Obligations)
Q1'18
Q2'18
Q3'18
Q4'18
Q1'19
Q2'19 Forecast
Revenue
$
3,701

$
3,907

$
3,999

$
4,187

$
4,521

$
4,928

Y/Y % Growth
40.4
%
40.3
%
34.0
%
27.4
%
22.2
%
26.1
%
Operating Income
$
447

$
462

$
481

$
216

$
459

$
616

Operating Margin
12.1
%
11.8
%
12.0
%
5.2
%
10.2
%
12.5
%
Net Income
$
290

$
384

$
403

$
134

$
344

$
249

Diluted EPS
$
0.64

$
0.85

$
0.89

$
0.30

$
0.76

$
0.55

 
 
 
 
 
 
 
Global Streaming Paid Memberships
118.90

124.35

130.42

139.26

148.86

153.86

Y/Y % Growth
26.0
%
25.6
%
25.4
%
25.9
%
25.2
%
23.7
%
Global Streaming Paid Net Additions
8.26

5.45

6.07

8.84

9.60

5.00

 
 
 
 
 
 
 
Net cash (used in) operating activities
$
(237
)
$
(518
)
$
(690
)
$
(1,235
)
$
(380
)
 
Free Cash Flow*
$
(287
)
$
(559
)
$
(859
)
$
(1,315
)
$
(460
)
 
EBITDA**
$
534

$
563

$
584

$
328

$
584

 
Shares (FD)
450.4

451.6

451.9

451.1

451.9

 
Streaming Content Obligations*** ($B)
17.9

18.4

18.6

19.3

18.9

 
Note: Figures are consolidated, including DVD.
 
 
 
 
 
 
* Free cash flow represents Net Cash (used in) operating activities adjusted for acquisition of DVD content assets, purchases of property and equipment and change in other assets
** Adjusted EBITDA represents net income before interest expense and other income/expense, income taxes, depreciation and amortization of property and equipment and further adjusted to exclude other non-cash charges or non-recurring items
*** 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

nflxlogo2015a19.jpg
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The following information was filed by Netflix Inc (NFLX) on Tuesday, April 16, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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