Netflix reported its first-quarter 2026 earnings Thursday, revealing that during the January-March period it strongly beat analyst expectations in revenue and earnings.
The results come on the heels of Netflix’s back-and-forth battle with Paramount Skydance for Warner Bros. studio and streaming assets. Netflix bowed out of the race in late February, when Paramount made a new offer that topped Netflix’s final bid and the streamer drew the line at going any higher.
While Netflix did institute a new price increase since reporting its last quarterly earnings, the change was announced March 26 and largely took affect after the Q1 period ended. The price increase impact will be reflected more in Netflix’s April-June earnings results.
Wall Street analysts on average expected Netflix Q1 revenue of $12.18 billion and earnings per share (EPS) of 76 cents, according to LSEG Data & Analytics. Netflix reported adjusted EPS of $1.23 on $12.25 billion in revenue.
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