Netflix still forecasting FY25 free cash flow of about $8B

Netflix (NFLX) said: “In Q1’25, net cash generated by operating activities was $2.8B vs. $2.2B in the prior year period. Free cash flow totaled $2.7B vs. $2.1B in Q1’24. We’re still forecasting full year 2025 free cash flow of about $8B. During the quarter, we paid down $800M of senior notes using proceeds from our 2024 refinancing and we repurchased 3.7M shares for $3.5B. We have $13.6B remaining under our existing share repurchase authorization. We ended the quarter with gross debt of $15.1B and cash and cash equivalents of $7.2B. In Q2, we have $1B of debt maturities, which we’ll pay down with proceeds from our investment grade bond deal last year, which are currently held in short-term investments.”