Video streaming giant Netflix, Inc. (NASDAQ: NFLX) reported strong revenue and earnings growth for the first quarter of fiscal 2026. The numbers also came in above Wall Street’s expectations.
First-quarter FY26 revenue increased 16.2% to $12.25 billion from $10.54 billion in the same period of fiscal 2025, exceeding analysts’ consensus estimates. Revenues benefited from membership growth, higher pricing, and increased ad revenue, and it was slightly above
the company’s forecast.
Driven by the double-digit top-line growth, net income climbed to $5.28 billion or $1.23 per share from $2.89 billion or $0.66 per share in the year-ago quarter. Earnings topped expectations.
Management continues to forecast revenue in the range of $50.7 billion to $51.7 billion for fiscal 2026, and operating margin to be 31.5%. For the second quarter, the company expects revenue growth of 13%, or 12% on a FX-neutral basis.
Reed Hastings, Netflix’s chairman, said, “Netflix changed my life in so many ways, and my all‑time favorite memory was January 2016, when we enabled nearly the entire planet to enjoy our service. My real contribution at Netflix wasn’t a single decision; it was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come.