7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 
      
    		                                     
      cash flows from operating activities:
    		                                     
      net income
    		-578,497,000 235,062,000 2,890,351,000 6,348,122,000 216,203,000 -184,903,000 2,332,209,000 3,730,568,000 189,812,000 182,490,000 1,305,120,000 3,093,682,000 -42,709,000 -156,496,000 1,597,447,000 3,667,157,000 96,058,000 -353,702,000 1,706,715,000 1,971,419,000 69,780,000 11,129,000 709,067,000 1,201,672,000 394,594,000 -73,402,000 344,052,000 808,407,000 18,486,000 94,225,000 290,124,000 429,339,000 63,990,000 -112,622,000 178,222,000 135,161,000 10,762,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                     
      additions to content assets
    		-818,122,000 -286,156,000 -3,549,657,000 -12,207,221,000 32,456,000 -319,885,000 -3,728,967,000 -9,670,864,000 799,168,000 -1,224,341,000 -2,458,666,000 -12,256,367,000 104,340,000 -1,102,847,000 -3,584,164,000 -13,035,965,000 -569,487,000 -812,174,000 -3,284,576,000 -9,125,398,000 -143,104,000 783,493,000 -3,294,275,000               
      change in content liabilities
    		238,314,000 197,201,000 -411,253,000 -695,550,000 282,987,000 -177,131,000 -189,441,000 -259,613,000 -372,108,000 400,910,000 -354,791,000 118,443,000 -130,361,000 538,377,000 -347,149,000 262,144,000 282,962,000 -46,168,000 -266,040,000 -377,975,000 -271,026,000 -367,377,000 258,945,000               
      amortization of content assets
    		170,670,000 8,962,000 3,823,112,000 11,601,996,000 -70,169,000 98,885,000 3,670,805,000 10,624,084,000 163,332,000 -49,963,000 3,459,984,000 10,372,540,000 392,244,000 94,983,000 3,166,365,000 9,267,316,000 156,248,000 87,607,000 2,719,196,000 8,073,169,000 126,584,000 123,774,000 2,483,385,000               
      depreciation and amortization of property, equipment and intangibles
    		7,313,000 -54,000 80,067,000 248,000,000 -313,000 -6,007,000 87,234,000 266,287,000 1,275,000 -950,000 90,335,000 251,494,000 1,683,000 8,903,000 74,602,000 138,159,000 31,819,000 2,693,000 35,741,000 87,121,000 1,928,000 -1,856,000 28,517,000 76,875,000 1,208,000 1,935,000 23,561,000 61,996,000 1,425,000 695,000 19,041,000 52,673,000 687,000 3,502,000 15,049,000 43,118,000 279,000 
      stock-based compensation expense
    		124,000 8,885,000 71,977,000 206,938,000 -3,116,000 -7,579,000 76,345,000 259,648,000 1,690,000 -21,069,000 99,099,000 423,390,000 1,670,000 31,183,000 119,209,000 308,142,000 -6,505,000 -5,647,000 107,230,000 308,823,000 2,147,000 7,191,000 97,019,000 305,114,000 -3,586,000 2,648,000 101,200,000 238,341,000 1,084,000 12,837,000 68,395,000 137,446,000 735,000 -860,000 44,888,000 130,180,000 -617,000 
      foreign currency remeasurement gain on debt
    		-56,945,000 26,691,000 28,547,000 -226,348,000 147,501,000 88,109,000 -130,801,000 348,974,000 -201,630,000 -51,699,000 80,651,000 -4,653,000 -43,945,000 -142,692,000 -161,821,000 -294,173,000 -199,562,000 316,404,000 -253,330,000 284,084,000   -93,060,000               
      other non-cash items
    		22,154,000 5,409,000 114,730,000 366,696,000 -10,506,000 41,407,000 97,181,000 396,387,000 -5,795,000 1,475,000 120,008,000 431,030,000 -102,861,000 103,406,000 101,968,000 274,566,000 -5,892,000 35,446,000 72,657,000 209,275,000 13,550,000 4,853,000 65,448,000 176,950,000 -1,759,000 15,840,000 37,199,000 31,466,000 -4,959,000 5,712,000 8,209,000 47,311,000 -1,623,000 -10,147,000 21,666,000 31,227,000 642,000 
      deferred income taxes
    		156,294,000 28,173,000 -163,928,000 -389,716,000 8,405,000 -102,310,000 -107,077,000 -373,082,000 16,895,000 -4,390,000 -98,782,000 -108,753,000 58,023,000 -46,914,000 -68,906,000 148,581,000 -160,000 -108,606,000 159,733,000                   
      changes in operating assets and liabilities:
    		                                     
      other current assets
    		7,086,000 -45,316,000 -131,367,000 -32,776,000 83,915,000 -67,008,000 38,049,000 -284,769,000 286,815,000 -94,527,000 -88,522,000 -233,763,000 -243,470,000 82,242,000 41,157,000 -274,536,000 -42,772,000 169,182,000 -221,555,000 -164,649,000 -26,040,000 130,419,000 -127,353,000 -252,258,000 24,376,000 7,845,000 -32,076,000 -169,828,000 -4,800,000 30,341,000 -55,905,000 -192,691,000 38,800,000 -54,797,000 -25,402,000 36,720,000 -13,841,000 
      accounts payable
    		128,405,000 287,472,000 -276,426,000 90,756,000 49,955,000 125,907,000 -145,265,000 161,892,000 -106,722,000 128,000,000 -89,668,000 -212,418,000 175,923,000 93,396,000 -215,444,000 120,279,000 -47,477,000 209,626,000 -137,313,000 -153,282,000 223,704,000 37,126,000 -149,153,000 103,706,000 -4,969,000 121,793,000 -124,467,000 203,647,000 -12,182,000 -66,350,000 74,083,000 40,530,000 46,468,000 -1,439,000 -11,000,000 4,437,000 19,015,000 
      accrued expenses and other liabilities
    		974,386,000 -573,648,000 306,413,000 12,888,000 293,314,000 -366,085,000 251,782,000 168,594,000 -242,860,000 -7,468,000 185,299,000 -267,585,000 450,791,000 -589,482,000 350,763,000 -89,436,000 441,204,000 -349,327,000 177,897,000 -67,844,000 371,477,000 -319,641,000 214,191,000 -103,094,000 287,577,000 -184,352,000 157,647,000           
      deferred revenue
    		-122,321,000 29,722,000 88,913,000 38,516,000 35,092,000 -22,279,000 26,515,000 184,441,000 -55,380,000 52,037,000 -2,390,000 75,776,000 -38,044,000 -27,119,000 16,743,000 96,082,000 -51,825,000 24,814,000 22,279,000 182,306,000 -31,567,000 -19,500,000 62,008,000 141,117,000 -61,356,000 36,292,000 47,793,000 123,294,000 -4,865,000 -31,422,000 55,270,000 145,027,000 -13,662,000 31,388,000 15,221,000 66,521,000 7,477,000 
      other non-current assets and liabilities
    		273,055,000 -288,344,000 -82,280,000 -322,038,000 -35,470,000 -22,796,000 -66,047,000 -270,561,000 77,591,000 -49,013,000 -68,937,000 -213,369,000 -129,224,000 292,971,000 -167,931,000 -278,085,000 61,529,000 -11,175,000 -61,368,000 -174,076,000 18,804,000 2,643,000 -41,446,000 -77,608,000 -18,804,000 -21,633,000 -4,486,000 27,671,000 -66,191,000 26,752,000 13,830,000 -66,254,000 33,898,000 -50,297,000 8,850,000 -41,229,000 -8,062,000 
      net cash from operating activities
    		401,916,000 -365,941,000 2,789,199,000 5,040,263,000 1,030,254,000 -921,675,000 2,212,522,000 5,281,986,000 552,083,000 -738,508,000 2,178,740,000 1,469,447,000 454,060,000 -820,089,000 922,839,000 310,231,000 146,140,000 -841,027,000 777,266,000 1,163,316,000 222,685,000 781,164,000 259,912,000 -2,385,528,000 41,960,000 -163,955,000 -379,799,000 -1,990,068,000 -172,172,000 -281,482,000 -236,757,000 -1,366,341,000 114,921,000 -190,672,000 -343,856,000 -1,012,043,000 -235,648,000 
      capex
    		-8,830,000 -27,612,000 -128,277,000 -312,675,000 -48,576,000 -2,573,000 -75,714,000 -244,623,000 -2,957,000 -38,953,000 -62,019,000 -322,769,000 5,058,000 31,140,000 -121,158,000 -357,258,000 -57,049,000 -29,277,000 -81,001,000 -388,112,000 31,930,000 -43,726,000 -98,015,000 -207,702,000 -5,749,000 20,797,000 -60,381,000 -134,613,000 -12,010,000 9,847,000 -37,170,000 -139,339,000 31,268,000 -12,708,000 -52,523,000 -80,287,000 -16,552,000 
      free cash flows
    		393,086,000 -393,553,000 2,660,922,000 4,727,588,000 981,678,000 -924,248,000 2,136,808,000 5,037,363,000 549,126,000 -777,461,000 2,116,721,000 1,146,678,000 459,118,000 -788,949,000 801,681,000 -47,027,000 89,091,000 -870,304,000 696,265,000 775,204,000 254,615,000 737,438,000 161,897,000 -2,593,230,000 36,211,000 -143,158,000 -440,180,000 -2,124,681,000 -184,182,000 -271,635,000 -273,927,000 -1,505,680,000 146,189,000 -203,380,000 -396,379,000 -1,092,330,000 -252,200,000 
      cash flows from investing activities:
    		                                     
      purchases of property and equipment
    		-8,830,000 -27,612,000 -128,277,000 -312,675,000 -48,576,000 -2,573,000 -75,714,000 -244,623,000 -2,957,000 -38,953,000 -62,019,000 -322,769,000 5,058,000 31,140,000 -121,158,000 -357,258,000 -57,049,000 -29,277,000 -81,001,000 -388,112,000 31,930,000 -43,726,000 -98,015,000 -207,702,000 -5,749,000 20,797,000 -60,381,000 -134,613,000 -12,010,000 9,847,000 -37,170,000 -139,339,000 31,268,000 -12,708,000 -52,523,000 -80,287,000 -16,552,000 
      purchases of investments
    		-2,200,000 154,365,000 -156,015,000 0                                  
      proceeds from maturities and sales of investments
    		-786,163,000 192,459,000 769,954,000                                   
      other investing activities
    		72,380,000                                     
      net cash from investing activities
    		-724,813,000 283,022,000 485,662,000 -312,675,000 -1,790,822,000 -2,573,000 -75,714,000 245,680,000 198,334,000 361,390,000 -263,653,000 -1,991,432,000 73,934,000 86,785,000 -245,679,000 -1,151,222,000 -77,353,000 -25,662,000 -85,616,000 -386,703,000 23,350,000 -43,698,000 -98,303,000 -337,710,000 682,000 30,067,000 -80,103,000 -170,426,000 -128,378,000 9,436,000 -49,752,000 -167,863,000 258,624,000 19,158,000 -75,590,000 25,789,000 26,872,000 
      cash flows from financing activities:
    		                                     
      proceeds from issuance of debt
    		   0                                  
      repayments of debt
    		 -233,450,000 -800,000,000    -400,000,000        -700,000,000    -500,000,000                   
      proceeds from issuance of common stock
    		-98,851,000 -182,536,000 351,602,000 689,643,000 24,494,000 -150,131,000 268,881,000 112,172,000 23,101,000 8,689,000 26,028,000 31,633,000 -7,137,000 -2,428,000 13,678,000 155,969,000 -1,304,000 -28,322,000 48,071,000 166,741,000 -20,395,000 45,366,000 43,694,000 60,501,000 -9,907,000 -1,076,000 22,972,000 94,721,000 2,845,000 -29,399,000 56,335,000 53,709,000 19,843,000 -9,352,000 24,178,000 33,160,000 -413,000 
      repurchases of common stock
    		-202,558,000 1,882,069,000 -3,536,396,000 -4,563,746,000 -100,002,000 400,002,000 -2,000,000,000 -3,545,247,000 -1,854,954,000 -245,045,000 -400,101,000     -500,022,000 400,022,000                     
      taxes paid related to net share settlement of equity awards
    		-82,000 21,756,000 -27,870,000 -6,261,000 -141,000 -58,000 -1,825,000                               
      other financing activities
    		33,880,000 37,609,000 -15,652,000 -20,659,000 -2,834,000   -42,620,000 6,094,000                   -1,412,000 -12,000 -211,000 -321,000 190,000 2,000 2,000 61,000 172,000 1,000 
      net cash from financing activities
    		765,839,000 1,525,448,000 -4,028,316,000 -4,301,023,000 1,715,977,000 643,563,000 -2,132,944,000 -3,475,695,000 -1,825,759,000 -275,276,000 -374,073,000 -668,367,000 -7,137,000 697,572,000 -686,322,000 -1,068,221,000 398,718,000 -28,344,000 -451,929,000 1,168,646,000 -1,022,300,000 1,047,271,000 43,694,000 4,493,673,000 -2,234,911,000 2,223,928,000 22,972,000 4,019,290,000 -1,880,175,000 1,853,398,000 56,014,000 3,042,568,000 -1,385,964,000 1,396,147,000 24,239,000 1,074,991,000 -973,000 
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		-309,192,000 137,325,000 150,146,000 -569,783,000 276,175,000 -26,933,000 -95,790,000 205,391,000 -162,333,000 13,203,000 26,423,000 9,918,000 -34,860,000 -133,750,000 -11,448,000 -22,897,000 -87,320,000 65,615,000 -42,138,000 7,591,000 16,640,000 82,721,000 -70,902,000               
      net increase in cash, cash equivalents and restricted cash
    		133,750,000   -143,218,000 1,231,584,000 -307,618,000 -91,926,000 2,257,362,000 -1,237,675,000 -639,191,000 1,567,437,000 -1,180,434,000   -20,610,000 -1,932,109,000 380,185,000 -829,418,000 197,583,000 1,952,850,000 -759,625,000 1,867,458,000 134,401,000               
      cash, cash equivalents and restricted cash at beginning of period
    		976,545,000 -603,309,000 7,807,337,000  -399,544,000 -91,926,000 7,118,515,000  928,246,000 1,567,437,000 5,170,582,000  -190,092,000 -20,610,000 6,055,111,000  -631,835,000 197,583,000 8,238,870,000  2,001,859,000 134,401,000 5,043,786,000  1,658,108,000 -441,944,000 3,812,041,000           
      cash, cash equivalents and restricted cash at end of period
    		1,110,295,000 976,545,000 7,204,028,000  832,040,000 -399,544,000 7,026,589,000  -309,429,000 928,246,000 6,738,019,000  295,905,000 -190,092,000 6,034,501,000  -251,650,000 -631,835,000 8,436,453,000  1,242,234,000 2,001,859,000 5,178,187,000  -568,484,000 1,658,108,000 3,370,097,000           
      net decrease in cash, cash equivalents and restricted cash
    		  -603,309,000                                   
      acquisitions
    		             55,645,000 -124,521,000                       
      proceeds from maturities of investments
    		                                     
      cash, cash equivalents and restricted cash, beginning of year
    		                                     
      cash, cash equivalents and restricted cash, end of year
    		                                     
      supplemental disclosure:
    		                                     
      income taxes paid
    		                                     
      interest paid
    		                                     
      purchases of short-term investments
    		         -101,594,000 -201,634,000                     -72,020,000 11,447,000 43,528,000 -57,774,000 -59,057,000 -109,644,000 
      proceeds from maturities of short-term investments
    		       995,165,000 -101,937,000                         12,505,000 5,100,000 115,390,000 180,000 
      change in other assets
    		               -5,615,000 -20,304,000 3,615,000 -4,615,000 1,409,000 -8,580,000 28,000 -288,000 -134,642,000 3,267,000 7,898,000 -10,552,000  -121,189,000 1,345,000 -1,786,000  -43,000 -295,000 -769,000  -782,000 
      debt issuance costs
    		                                     
      deferred taxes
    		                    -263,585,000 176,689,000 46,619,000 -146,548,000 16,586,000 28,892,000 6,627,000 -46,067,000 -29,914,000 12,510,000 -22,049,000 -151,598,000 -36,388,000 6,062,000 -26,764,000 -61,185,000 32,214,000 
      foreign currency remeasurement loss on debt
    		                                     
      additions to streaming content assets
    		                       -10,268,391,000 -323,189,000 -327,357,000 -2,997,746,000 -9,804,720,000 -204,996,000 -46,974,000 -2,986,747,000 -7,490,746,000 349,404,000 -315,755,000 -2,348,666,000 -6,211,206,000 -650,314,000 
      change in streaming content liabilities
    		                       -598,463,000 -83,134,000 2,284,000 -14,698,000 934,012,000 -222,606,000 -90,411,000 378,885,000 934,593,000   366,257,000 1,242,765,000 291,368,000 
      amortization of streaming content assets
    		                       6,936,270,000 48,062,000 107,229,000 2,124,686,000 5,620,321,000 93,950,000 68,973,000 1,748,844,000 4,570,340,000 76,683,000 245,111,000 1,305,683,000 3,564,390,000 48,747,000 
      foreign currency remeasurement gain on long-term debt
    		                       125,784,000 -232,644,000 118,884,000 -57,600,000 -66,283,000 77,740,000         
      proceeds from sale of short-term investments
    		                               69,876,000 236,150,000 -41,620,000 55,748,000 110,737,000 152,995,000 
      amortization of dvd content assets
    		                        -1,002,000 -853,000 8,509,000 31,253,000 -1,195,000 20,000 11,134,000 47,398,000 -3,252,000 -2,087,000 18,598,000 59,668,000 -737,000 
      acquisition of dvd content assets
    		                        3,164,000 1,372,000 -9,170,000 -30,855,000 4,821,000 -1,756,000 -10,796,000   17,748,000 -25,372,000 -59,928,000 675,000 
      effect of exchange rate changes on cash, cash equivalents, and restricted cash
    		                        -34,323,000 10,012,000 -5,014,000  30,778,000 -43,517,000 7,177,000       
      net increase in cash, cash equivalents, and restricted cash
    		                        -2,226,592,000    -2,149,947,000         
      net decrease in cash, cash equivalents, and restricted cash
    		                          -441,944,000    -223,318,000       
      excess tax benefits from stock-based compensation
    		                                   -52,359,000 561,000 
      accrued expenses
    		                           16,422,000 186,851,000 -171,900,000 119,049,000 40,331,000 122,048,000 -141,584,000 93,542,000 39,749,000 26,858,000 
      other assets
    		                                     
      issuance costs
    		                               -31,841,000      
      increase in investing activities included in liabilities
    		                           4,690,000 -2,855,000 -3,192,000 3,917,000       
      cash, cash equivalents, and restricted cash at beginning of period
    		                            1,314,517,000 -223,318,000 2,822,795,000       
      cash, cash equivalents, and restricted cash at end of period
    		                            -835,430,000 1,314,517,000 2,599,477,000       
      foreign currency remeasurement loss on long-term debt
    		                              41,080,000 89,960,000 -13,390,000     
      acquisitions of dvd content assets
    		                               -43,503,000      
      effect of exchange rate changes on cash and cash equivalents
    		                               19,163,000 -842,000 6,072,000 5,455,000 -8,724,000 2,301,000 
      net increase in cash and cash equivalents
    		                               1,527,527,000    80,013,000 -207,448,000 
      cash and cash equivalents, beginning of year
    		                                     
      cash and cash equivalents, end of year
    		                                     
      cash and cash equivalents, beginning of period
    		                                840,953,000 -389,752,000 1,467,576,000  -214,319,000 
      cash and cash equivalents, end of period
    		                                -172,308,000 840,953,000 1,077,824,000  -421,767,000 
      change in investing activities included in liabilities
    		                                -3,383,000 13,179,000 -16,672,000   
      increase in streaming content liabilities
    		                                     
      net change in cash and cash equivalents
    		                                     
      net decrease in cash and cash equivalents
    		                                  -389,752,000   
      loss on extinguishment of debt
    		                                     
      redemption of debt
    		                                     
      principal payments of lease financing obligations
    		                                     
      investing activities included in liabilities
    		                                     
      additions to streaming content library
    		                                     
      amortization of streaming content library
    		                                     
      amortization of dvd content library
    		                                     
      acquisition of dvd content library
    		                                     
      proceeds from public offering of common stock, net of issuance costs
    		                                     
      proceeds from issuance of debt, net of issuance costs
    		                                     
      prepaid content
    		                                     
      gain on sale of business
    		                                     
      other accounts payable
    		                                     
      other non- current assets and liabilities
    		                                     
      proceeds from sale of business
    		                                     
      proceeds from issuance of common stock upon exercise of options
    		                                     
      borrowings on line of credit, net of issuance costs
    		                                     
      payments on line of credit
    		                                     
      acquisition of streaming content library
    		                                     
      amortization of content library
    		                                     
      amortization of discounts and premiums on investments
    		                                     
      amortization of debt issuance costs
    		                                     
      loss on disposal of property and equipment
    		                                     
      gain on sale of short-term investments
    		                                     
      gain on disposal of dvds
    		                                     
      other assets and liabilities
    		                                     
      proceeds from sale of dvds
    		                                     
      acquisitions of intangible assets
    		                                     
      investment in business
    		                                     
      depreciation of property, equipment and intangibles
    		                                     
      gain on disposal of property and equipment
    		                                     
      gain on sale of investment in business
    		                                     
      prepaid expenses and other current assets
    		                                     
      content library
    		                                     
      acquisition of intangible asset
    		                                     
      acquisitions of content library
    		                                     
      proceeds from sale of investment in business
    		                                     
      net cash used by financing activities
    		                                     
      acquisitions of intangible asset
    		                                     
      depreciation of property and equipment
    		                                     
      amortization of intangible assets
    		                                     
      non-cash interest expense
    		                                     
      other liabilities
    		                                     
      proceeds from disposal of property and equipment
    		                                     
      principal payments on notes payable and capital lease obligations
    		                                     
      cash paid for interest
    		                                     
      amortization of dvd library
    		                                     
      loss on disposal of short-term investments
    		                                     
      deferred rent
    		                                     
      acquisitions of dvd library
    		                                     
      deposits and other assets
    		                                     
      non-cash investing and financing activities:
    		                                     
      net unrealized loss on short-term investments
    		                                     
      stock option income tax benefits
    		                                     
      net unrealized loss on short term investments
    		                                     
      non-cash charges for equity instruments granted to non-employees
    		                                     
      purchase of assets under capital lease obligations
    		                                     
      exchange of series f non-voting convertible preferred stock for intangible asset
    		                                     
      conversion of redeemable convertible preferred stock to common stock
    		                                     
      net unrealized gain on short term investments
    		                                     
      net proceeds from issuance of subordinated notes payable and detachable warrants
    		                                     
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.