WASHINGTON (dpa-AFX) - Streaming giant Netflix Inc. (NFLX) on Thursday reported first-quarter results, with profit rising from a year earlier, driven by double-digit revenue growth and a hefty termination fee tied to the Warner Bros. Deal.
Net income for the quarter was $5.28 billion or $1.23 per share, compared to $2.89 billion or $0.66 per share last year.
Profit was driven by higher-than-projected operating income and the $2.8 billion termination fee related to the Warner Bros. transaction, which was recognized in 'interest and other income.'
Revenues for the first quarter grew 16% year over year to $12.25 billion from $10.54 billion last year. Revenue growth was 14% on a foreign exchange basis. Revenue growth was driven primarily by membership growth, higher pricing, and increased ad revenue.
Looking forward, the company said its full year 2026 guidance is unchanged. Netflix expects 2026 revenue of $50.7 billion to $51.7 billion, which represents 12%-14% growth, driven by continued healthy membership growth, pricing and a projected rough doubling of our ads revenue. Similarly, we're still targeting an operating margin of 31.5% for 2026 based on F/X rates as of January 1, 2026 vs. 29.5% in 2025. For the second quarter, the company expect revenue growth of 13%
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2026 AFX News
