Netflix Delays Password-Sharing Crackdown and Posts Mixed Results.

Netflix generated $2.1 billion in free cash flow in Q1 2022, a significant improvement from its negative cash outflow in previous years. The company is reining in content spending and raising subscription prices to improve its profit line, while also using its excess cash to buy back stock. As a result, Netflix raised its 2023 free cash flow guidance to "at least" $3.5 billion and is being seen as a cash flow play by Wall Street analysts.