Netflix Q1 Revenue Up 16% as Shares Slip 8% — SkimNews
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- Netflix posted Q1 2026 revenue of $12.3 billion, a 16% YoY increase that beat the $12.2 billion estimate.
- Netflix reported net income of $5.28 billion for Q1 2026.
- Netflix forecast Q2 earnings per share below analyst expectations, prompting its stock to tumble more than 8% after hours.
- Reed Hastings announced he will step down from Netflix’s board and relinquish the chairmanship.
- Netflix will roll out a redesigned mobile app with a TikTok‑style vertical video feed later this month.
- Asia drove a key portion of Netflix’s Q1 revenue growth, boosted by popular BTS and baseball content.
- Netflix is in talks to expand its live‑sports portfolio, including a potential partnership with the NFL.
Why it matters: Investors lose as Netflix’s stock slides over 8% on a guidance miss, while the firm gains a fresh growth engine through its new vertical‑video mobile app and expanding live‑sports deals, especially in Asia where BTS and baseball content are driving revenue.
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