Netflixreason 03 of 4it makes it for less than anyone else canderived 2026-09-11accession 0001065280-26-000212
We have built our own Open Connect network to help us efficiently stream a high volume of content to our members over the internet
Delivery expenses, therefore, include equipment costs related to Open Connect, payroll and related personnel expenses and all third-party costs, such as cloud computing costs, associated with delivering content over the internet
No individual component of the remaining increase in cost of revenues was material
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on
“We have built our own Open Connect network to help us efficiently stream a high volume of content to our members over the internet”
“Delivery expenses, therefore, include equipment costs related to Open Connect, payroll and related personnel expenses and all third-party costs, such as cloud computing costs, associated with delivering content over the internet”
“No individual component of the remaining increase in cost of revenues was material”