Netflix Q1 check‑in

Netflix was set to post first-quarter 2026 results on Thursday, April 16, at about 1:01 p.m. Pacific time, with a management interview scheduled for 1:45 p.m. Pacific. (ir.netflix.net) The company entered the report after telling investors in January to expect first-quarter revenue of $12.157 billion, operating income of $3.906 billion and diluted earnings per share of $0.76. (sec.gov) Netflix’s own forecast was above the $0.70 earnings-per-share figure circulating in some analyst previews, and it pointed to year-over-year revenue growth of 15.3% and an operating margin of 32.1% for the quarter ending March 31, 2026. (sec.gov) The quarter matters because Netflix changed the way it tells its story to Wall Street. In its 2025 annual report, the company said it stopped reporting membership numbers and average revenue per paying membership, and now wants investors to focus on revenue and operating margin. (sec.gov) That shift leaves fewer public clues about subscriber momentum just as Netflix keeps pushing two newer businesses: advertising and paid sharing, the program that charges households to add users outside the home. Netflix flagged both as key variables in its filings, alongside content spending and foreign-exchange swings. (sec.gov 1) (sec.gov 2) The company finished 2025 with quarterly revenue rising from $10.543 billion in the first quarter to $12.051 billion in the fourth quarter. Fourth-quarter diluted earnings per share were $0.56, and free cash flow for that quarter was $1.872 billion. (sec.gov) Netflix has also told investors that its main yardsticks are now straightforward: revenue for growth, operating margin for profitability and free cash flow for cash generation. That framework puts more weight on pricing, ad sales and cost discipline than on raw subscriber additions. (sec.gov 1) (sec.gov 2) By Thursday afternoon, the question was less how many net new subscribers Netflix added than whether it could match its own $12.157 billion revenue target and 32.1% margin forecast. The answer was due in the company’s results posting and follow-up interview. (ir.netflix.net) (sec.gov)