Netflix Q1 revenue rises 16% to $12.25 billion; 2026 revenue outlook unchanged
Netflix reported first-quarter 2026 revenue of $12.25 billion, up 16% year over year, and operating income of $3.96 billion, up 18%. Diluted EPS of $1.23 was boosted by a $2.8 billion Warner Bros. termination fee, and the company kept its 2026 revenue and operating margin targets unchanged. Co-founder Reed Hastings also said he will not stand for re-election as a director at the June 2026 annual meeting.
Key points
- Q1 2026 revenue of $12.25 billion, up 16% year over year (14% on a foreign exchange neutral basis)
- Diluted EPS of $1.23 versus $0.66 a year earlier, including the $2.8 billion Warner Bros. termination fee
- 2026 revenue guidance of $50.7 billion to $51.7 billion and 31.5% operating margin left unchanged
- Reed Hastings will remain Chairman until the June 2026 annual meeting
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.