Netflix Inc (NFLX) SEC Filing 10-Q Quarterly Report for the period ending Friday, June 30, 2023

SEC Filings

NFLX Quarterly Reports

Netflix Inc

CIK: 1065280 Ticker: NFLX

Exhibit 99.1
July 19, 2023

In May, we successfully launched paid sharing in 100+ countries, representing more than 80% of our revenue base.
Revenue in each region is now higher than pre-launch, with sign-ups already exceeding cancellations.
Paid net additions were 5.9M in Q2, and today we’re rolling out paid sharing to almost all of the remaining countries.

Q2‘23 revenue of $8.2B and operating profit of $1.8B were generally in-line with our forecast—and we expect revenue growth to accelerate in the second half of ‘23 as we start to see the full benefits of paid sharing plus continued steady growth in our ad-supported plan. We’re still targeting a full year 2023 operating margin of 18% to 20%.

We’re a leader in terms of streaming engagement and, per Nielsen, we had the top original streaming series in the US for 24 of the first 25 weeks of 2023, and the top movie for 21 weeks.

While we’ve made steady progress this year, we have more work to do to reaccelerate our growth. We remain focused on: creating a steady drumbeat of must watch shows and movies; improving monetization; growing the enjoyment of our games; and investing to improve our service for members.

(in millions except per share data)Q2'22Q3'22Q4'22Q1'23Q2'23Q3'23 Forecast
Revenue$7,970 $7,926 $7,852 $8,162 $8,187 $8,520 
Y/Y % Growth8.6 %5.9 %1.9 %3.7 %2.7 %7.5 %
Operating Income$1,578 $1,533 $550 $1,714 $1,827 $1,890 
Operating Margin19.8 %19.3 %7.0 %21.0 %22.3 %22.2 %
Net Income$1,441 $1,398 $55 $1,305 $1,488 $1,580 
Diluted EPS$3.20 $3.10 $0.12 $2.88 $3.29 $3.52 
Global Streaming Paid Memberships220.67 223.09 230.75 232.50 238.39 
Y/Y % Growth5.5 %4.5 %4.0 %4.9 %8.0 %
Global Streaming Paid Net Additions(0.97)2.41 7.66 1.75 5.89 
Net cash provided by operating activities$103 $557 $444 $2,179 $1,440 
Free Cash Flow$13 $472 $332 $2,117 $1,339 
Shares (FD)450.2 450.3 451.6 452.4 451.6 


The following information was filed by Netflix Inc (NFLX) on Wednesday, July 19, 2023 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.

View differences made from one quarter to another to evaluate Netflix Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Netflix Inc.


Assess how Netflix Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Netflix Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools


Learn More
Bullish Bearish Neutral
Filter Sentiment:
Filter Category:
M & A
Filter Subcategory:
Cash Flow
Inside Netflix Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Components Of Content Assets (Details)
Balance Sheet Components - Leases (Details)
Balance Sheet Components - Other Current Assets (Details)
Balance Sheet Components - Property And Equipment (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Cash, Cash Equivalents, Restricted Cash, And Short-Term Investments
Cash, Cash Equivalents, Restricted Cash, And Short-Term Investments (Details)
Cash, Cash Equivalents, Restricted Cash, And Short-Term Investments (Tables)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Expected Timing Of Payments (Details)
Commitments And Contingencies - Indemnification (Details)
Commitments And Contingencies - Streaming Content (Details)
Debt (Tables)
Debt - Narrative (Details)
Debt - Revolving Line Of Credit (Details)
Debt - Summary Of Long-Term Debt (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Antidilutive Shares (Details)
Earnings Per Share - Calculation Of Eps (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components Of Income Tax Expense (Benefit) (Details)
Income Taxes - Narrative (Details)
Insider Trading Arrangements
Pay Vs Performance Disclosure
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Revenue And Membership Information (Details)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Long-Lived Assets By Geographical Areas (Details)
Segment And Geographic Information - Narrative (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Amounts Related To Option Exercises (Details)
Stockholders' Equity - Assumptions Used To Value Stock Options (Details)
Stockholders' Equity - Stock Option Plan Narrative (Details)
Stockholders' Equity - Stock Repurchases (Details)
Stockholders' Equity - Summary Of Activity Related To Stock Option Plans (Details)
Ticker: NFLX
CIK: 1065280
Form Type: 10-Q Quarterly Report
Accession Number: 0001065280-23-000198
Submitted to the SEC: Fri Jul 21 2023 4:02:00 PM EST
Accepted by the SEC: Fri Jul 21 2023
Period: Friday, June 30, 2023
Industry: Video Tape Rental

External Resources:
Stock Quote
Social Media

Bookmark the Permalink: