Shares of Netflix, Inc. (NASDAQ: NFLX) rose over 2% on Thursday. The stock has gained 12% over the past three months. The streaming giant is scheduled to report its earnings results for the first quarter of 2026 on Thursday, April 16, after market close. Here’s a look at what to expect from the earnings report:
Revenue
Netflix has guided for revenues of around $12.16 billion for the first quarter of 2026, representing a growth of 15.3% year-over-year. Analysts are projecting revenues of $12.17 billion. In the fourth quarter of 2025, NFLX’s revenues increased 17.6% YoY to $12 billion.
Earnings
Netflix has forecast earnings of $0.76 per share for Q1 2026. Analysts are predicting EPS of $0.76 as well, which implies a 15% growth from the same period a year ago. In Q4 2025, EPS rose 31% YoY to $0.56.
Points to note
Netflix is expected to deliver another quarter of revenue and earnings growth driven by strong engagement and retention. The company continues to see membership growth despite several price increases. At the end of 2025, it had 325 million paid memberships.
NFLX’s various subscription tiers cater to a range of different subscribers and despite the changes to its pricing, it has managed to keep churn levels low. It also continues to see growth in its advertisement revenues.
The company’s strong content remains a huge advantage and its continued investment in original shows is paying off. During the second half of 2025, its originals viewing rose 9% YoY. In 2026, alongside its popular original content slate, NFLX plans to expand its offering of licensed titles through its partnerships with Universal and Paramount. This move is likely to help boost viewership.
Netflix continues to face stiff competition within the streaming space. The company is working on leveraging AI to bring forth new features and capabilities as well as improving personalization with regards to content and advertising.
Netflix has guided for net income in Q1 2026 to be $3.26 billion, up from $2.89 billion in Q1 2025. Operating income is projected to be $3.9 billion and operating margin is expected to be 32.1% in Q1 versus $3.3 billion and 31.7% last year.
The cancellation of the much-anticipated Warner Bros. deal is likely to be a highlight in this earnings report. Updates on Netflix’s future plans and strategy will be worth watching.