Netflix Q1 2024: Revenue Growth Continues
Ticker: NFLX · Form: 10-Q · Filed: 2024-04-22T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, financials
TL;DR
Netflix Q1 2024 revenue up, filing shows growth.
AI Summary
Netflix Inc. reported its first quarter 2024 results on April 22, 2024. The company's revenue for the quarter ending March 31, 2024, showed growth compared to the previous year. Key financial metrics and operational updates were detailed in the filing.
Why It Matters
This filing provides insight into Netflix's financial performance and subscriber trends, which can impact investor confidence and the broader streaming industry.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures, but the streaming industry is competitive and subject to regulatory changes.
Key Numbers
- 2024 Q1 — Reporting Period (First quarter of 2024)
- 2023-03-31 — Prior Year Period End (Comparison point for Q1 2024 results)
Key Players & Entities
- NETFLIX INC (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- 20240422 (date) — Date the filing was made
- 121 ALBRIGHT WAY (location) — Netflix's business and mailing address
- LOS GATOS, CA (location) — City and state of Netflix's headquarters
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended March 31, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on April 22, 2024.
What is Netflix's primary business address?
Netflix's business address is 121 Albright Way, Los Gatos, CA 95032.
What is the Standard Industrial Classification code for Netflix?
The Standard Industrial Classification code for Netflix is 7841, categorized under SERVICES-VIDEO TAPE RENTAL.
What is the SEC file number for Netflix?
The SEC file number for Netflix is 001-35727.
From the Filing
0001065280-24-000128.txt : 20240422 0001065280-24-000128.hdr.sgml : 20240422 20240422160153 ACCESSION NUMBER: 0001065280-24-000128 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240422 DATE AS OF CHANGE: 20240422 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35727 FILM NUMBER: 24861127 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 10-Q 1 nflx-20240331.htm 10-Q nflx-20240331 0001065280 2024 Q1 false --12-31 P1Y 450 451 0001065280 2024-01-01 2024-03-31 0001065280 2024-03-31 xbrli:shares iso4217:USD 0001065280 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001065280 2023-12-31 0001065280 2022-12-31 0001065280 2023-03-31 0001065280 us-gaap:CommonStockMember 2023-12-31 0001065280 us-gaap:CommonStockMember 2022-12-31 0001065280 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001065280 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001065280 us-gaap:CommonStockMember 2024-03-31 0001065280 us-gaap:CommonStockMember 2023-03-31 0001065280 us-gaap:TreasuryStockCommonMember 2023-12-31 0001065280 us-gaap:TreasuryStockCommonMember 2022-12-31 0001065280 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001065280 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001065280 us-gaap:TreasuryStockCommonMember 2024-03-31 0001065280 us-gaap:TreasuryStockCommonMember 2023-03-31 0001065280 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001065280 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001065280 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001065280 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001065280 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001065280 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001065280 us-gaap:RetainedEarningsMember 2023-12-31 0001065280 us-gaap:RetainedEarningsMember 2022-12-31 0001065280 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001065280 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001065280 us-gaap:RetainedEarningsMember 2024-03-31 0001065280 us-gaap:RetainedEarningsMember 2023-03-31 0001065280 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2024-01-01 2024-03-31 0001065280 nflx:UnitedStatesAndCanadaMember nflx:StreamingMember 2024-01-01 2024-03-31 0001065280 nflx:UnitedStatesAndCanadaMember nflx:StreamingMember 2023-01-01 2023-03-31 nflx:membership 0001065280 nflx:UnitedStatesAndCanadaMember nflx:StreamingMember 2024-03-31 0001065280 nflx:UnitedStatesAndCanadaMember nflx:StreamingMember 2023-03-31 0001065280 nflx:StreamingMember us-gaap:EMEAMember 2024-01-01 2024-03-31 0001065280 nflx:StreamingMember us-gaap:EMEAMember 2023-01-01 2023-03-31 0001065280 nflx:StreamingMember us-gaap:EMEAMember 2024-03-31 0001065280 nflx:StreamingMember us-gaap:EMEAMember 2023-03-31 0001065280 srt:LatinAmericaMember nflx:StreamingMember 2024-01-01 2024-03-31 0001065280 srt:LatinAmericaMember nflx:StreamingMember 2023-01-01 2023-03-31 0001065280 srt:LatinAmericaMember nflx:StreamingMember 2024-03-31 0001065280 srt:LatinAmericaMember nflx:StreamingMember 2023-03-31 0001065280 srt:AsiaPacificMember nflx:StreamingMember 2024-01-01 2024-03-31 0001065280 srt:AsiaPacificMember nflx:StreamingMember 2023-01-01 2023-03-31 0001065280 srt:AsiaPacificMember nflx:StreamingMember 2024-03-31 0001065280 srt:AsiaPacificMember nflx:StreamingMember 2023-03-31 0001065280 2023-01-01 2023-12-31