Netflix Files 8-K on Financial Results, Operations
Ticker: NFLX · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1065280
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-condition, results-of-operations
TL;DR
**Netflix just dropped an 8-K on its financials, get ready for potential stock moves.**
AI Summary
Netflix, Inc. filed an 8-K on January 23, 2024, reporting its results of operations and financial condition. This filing, under SEC File Number 001-35727, indicates that the company is providing an update on its financial performance. For investors, this matters because it offers a timely glimpse into Netflix's health, potentially influencing stock price based on whether the results meet or exceed expectations.
Why It Matters
This filing provides investors with crucial, up-to-date information on Netflix's financial performance, which can directly impact investment decisions and stock valuation.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently present new risks.
Analyst Insight
A smart investor would review the detailed financial statements and results of operations that accompany this 8-K to understand Netflix's recent performance and compare it against analyst expectations and historical trends before making any investment decisions.
Key Players & Entities
- NETFLIX INC (company) — the registrant filing the 8-K
- January 23, 2024 (date) — date of earliest event reported and filing date
- 001-35727 (string) — Netflix's Commission File Number
- Delaware (string) — state of incorporation for Netflix
- 121 Albright Way, Los Gatos, California 95032 (string) — Netflix's principal executive offices address
- 408-540-3700 (string) — Netflix's business phone number
- NASDAQ Global Select Market (string) — exchange where Netflix's common stock is registered
FAQ
What is the purpose of this 8-K filing by Netflix, Inc.?
This 8-K filing by Netflix, Inc. is a 'Current Report' pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of January 23, 2024.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 23, 2024.
What is Netflix, Inc.'s Commission File Number and state of incorporation?
Netflix, Inc.'s Commission File Number is 001-35727, and its state of incorporation is Delaware.
Where are Netflix, Inc.'s principal executive offices located?
Netflix, Inc.'s principal executive offices are located at 121 Albright Way, Los Gatos, California 95032.
On which exchange is Netflix, Inc.'s common stock registered?
Netflix, Inc.'s common stock, with a par value of $0.001 per share, is registered on the NASDAQ Global Select Market under the trading symbol NFLX.
Filing Stats: 597 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-23 16:02:17
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share NFLX NASDAQ Global Select Mar
Filing Documents
- nflx-20240123.htm (8-K) — 24KB
- ex991_q423.htm (EX-99.1) — 433KB
- cumulativefcfa.jpg (GRAPHIC) — 24KB
- fxneutraltablea.jpg (GRAPHIC) — 80KB
- ltstockpriceperformancea.jpg (GRAPHIC) — 67KB
- nflxlogo2015a22a.jpg (GRAPHIC) — 5KB
- shareofviewinggrapha.jpg (GRAPHIC) — 53KB
- 0001065280-24-000029.txt ( ) — 933KB
- nflx-20240123.xsd (EX-101.SCH) — 2KB
- nflx-20240123_lab.xml (EX-101.LAB) — 24KB
- nflx-20240123_pre.xml (EX-101.PRE) — 12KB
- nflx-20240123_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 23, 2024, Netflix, Inc. (the "Company") announced its financial results for the quarter ended December 31, 2023. The Letter to Shareholders, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, includes reference to the non-GAAP financial information. A reconciliation to the GAAP equivalent of non-GAAP measures is contained in tabular form in Exhibit 99.1. We are not able to reconcile forward-looking non-GAAP financial measures because we are unable to predict without unreasonable effort the exact amount or timing of the reconciling items, including property and equipment and change in other assets, and the impact of changes in currency exchange rates. The variability of these items could have a significant impact on our future GAAP financial results. The information contained in this Item 2.02 and the accompanying Exhibit 99.1 are "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Letter to Shareholders dated January 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NETFLIX, INC. Date: January 23, 2024 /s/ Spencer Neumann Spencer Neumann Chief Financial Officer