Netflix (NFLX) earnings Q1 2026

Key Points:

• Netflix is set to report its first-quarter 2026 earnings on Thursday, with analysts estimating earnings per share of 76 cents and revenue of $12.18 billion.
• The company recently abandoned its proposed acquisition of Warner Bros. Discovery after Paramount Skydance made a superior offer, shifting focus to how Netflix will compete in an increasingly crowded streaming market.
• Netflix's stock has rallied over 25% since dropping the WBD deal, avoiding increased debt, regulatory challenges, and integration complexities, allowing renewed emphasis on engagement, pricing, and advertising.
• Advertising revenue, which generated over $1.5 billion in 2025, is a growing focus for Netflix, expected to double this year as the ad-supported tier gains traction.
• After experiencing subscriber losses in 2022, Netflix and other media companies are prioritizing profitability through initiatives like advertising and price hikes, with Netflix reaching 325 million paid subscribers as of January.