10-Q quarterly report · filed Apr 18, 2025

Netflix (NFLX) Q1 2025 10-Q Quarterly Report

Short answer

Netflix (NFLX) filed its Q1 2025 10-Q quarterly report on Apr 18, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $10.5B (up 12.5% year over year) with net income of $2.9B.

Q1 2025 key financials · XBRL

Revenue
$10.5B
+12.5% YoY
Net income
$2.9B
+23.9% YoY
Operating margin
31.7%
EPS (diluted)
$6.61
+25.2% YoY

Source: XBRL data from the Netflix (NFLX) Q1 2025 10-Q on SEC EDGAR. USD.

Netflix Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New reporting risk: Discontinuation of streaming membership metrics reporting, shifting focus to revenue and operating margin as primary performance metrics
  • Updated financial risk: $1.7B principal and interest due on notes in next 12 months, with $566M debt net reduction driven by $800M note maturity repayment
  • Legal/compliance risk: Potential $900M in direct and indirect tax deposits required within 12 months, exceeding typical annual tax obligations
  • Operational risk: Increased sales and marketing expenses by $34M due to expanded advertising sales headcount and advertising distribution costs
  • Financial liquidity risk: Cash and equivalents declined 13% ($1.2B) to $8.4B, driven by $3.5B stock repurchases and debt repayments, affecting near-term liquidity

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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