Thanks for confirmation. When I try to download it, it comes in at h264. So, it's probably a SF issue? Or is imdb wrong?
MrKrawk
Just to cover all the bases, did you set up Netflix to download as H265? SDR or HDR?
Maybe Wednesday doesn't have an SDR option and will only work in HDR?
These are my settings if you want to try:

EDIT: Ok i just tried and that is the issue. There is no SDR version available so it downoads in H264. When downloading in HDR it works fine.
I don't know how you watch the shows you download but most modern players will do Tone Mapping if you try to play HDR content on SDR hardware.