Netflix Files 8-K on Financial Results, Operations

Ticker: NFLX · Form: 8-K · Filed: 2024-01-23T00:00:00.000Z

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

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.

From the Filing

0001065280-24-000029.txt : 20240123 0001065280-24-000029.hdr.sgml : 20240123 20240123160217 ACCESSION NUMBER: 0001065280-24-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240123 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NETFLIX INC CENTRAL INDEX KEY: 0001065280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-VIDEO TAPE RENTAL [7841] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 770467272 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35727 FILM NUMBER: 24552476 BUSINESS ADDRESS: STREET 1: 121 ALBRIGHT WAY CITY: LOS GATOS STATE: CA ZIP: 95032 BUSINESS PHONE: 408-540-3700 MAIL ADDRESS: STREET 1: 121 ALBRIGHT WAY CITY: LOS GATOS STATE: CA ZIP: 95032-7606 FORMER COMPANY: FORMER CONFORMED NAME: NETFLIX COM INC DATE OF NAME CHANGE: 20000229 8-K 1 nflx-20240123.htm 8-K nflx-20240123 NETFLIX INC 0001065280 false 0001065280 2024-01-23 2024-01-23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 8-K __________________________________ CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2024 __________________________________ NETFLIX, INC. (Exact name of registrant as specified in its charter) __________________________________ Delaware 001-35727 77-0467272 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 121 Albright Way , Los Gatos , California 95032 (Address of principal executive offices) (Zip Code) ( 408 ) 540-3700 (Registrant’s telephone number, including area code) (Former name or former address, if changed since last report) __________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.001 per share NFLX NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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

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