'While we have reached an agreement with the WGA, negotiations with SAG-AFTRA are ongoing. 'The last six months have been challenging for our industry given the combined writers and actors strikes in the US,' the company said in its release. Netflix boosted its full-year free cash flow guidance to $6.5 billion, up from the prior $5 billion, citing the impact of the double Hollywood strikes. The company said it expects full-year operating margins to hit 20% - the high end of its previous forecast between 18% and 20%.įree cash flow impressed at $1.89 billion, above consensus calls of $1.27 billion. Operating margin hit 22.4% in the quarter, surpassing Netflix's own projection of 22.2%. Profitability metrics like operating margin and free cash flow, however, steadily beat expectations. The Netflix logo is displayed at the entrance to Netflix Albuquerque Studios film and television production studio lot in Albuquerque, N.M., on Oct.
