Netflix faces risks from fluctuating foreign exchange rates, particularly the Argentine peso's devaluation, impacting revenue and operating income. Interest rate changes could affect the market value of available-for-sale securities. Litigation, tax audits, and contingent liabilities pose operational and financial risks. Unknown future content obligations represent a significant, but unquantified, liquidity risk. The company's ability to secure additional financing is contingent on market conditions and their terms.

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Netflix's revenue increased 15-16% in Q3 2024 and 16-17% YTD, driven by membership growth and price increases. Operating margin improved significantly in Q3 2024. The company's cash position strengthened, with a 29% increase in cash, cash equivalents, and short-term investments YTD. Debt issuance and stock repurchases also contributed to the positive cash flow.

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