With the start of the Q1 2026 earnings season, Netflix will be in focus on April 16. The stock has gained around 10% year-to-date and has held up well in a volatile market environment.
For the quarter, revenue is expected to come in at around USD 12.2 billion, representing an increase of roughly 16% compared to USD 10.5 billion in Q1 2025. Earnings per share are projected at around USD 0.76, about USD 0.10 higher than a year earlier – both figures are broadly in line with the company’s previous guidance. Key growth drivers remain higher subscription prices, a solid subscriber base, and the rapidly expanding advertising segment, which recently reached around USD 1.5 billion in revenue.
With a forward P/E of around 32, Netflix is trading at an ambitious valuation, but this is supported by strong margins and a structurally intact growth story.
The key focus will be the outlook: if the growth narrative is confirmed, momentum could continue – while any disappointment is likely to trigger increased volatility.
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