Netflix Q1 EPS $1.23, rev $12.25B (+16% YoY); Hastings not standing for re-election

NETFLIX INC

2026-Q1 EPS reported $1.23 revenue$12,249,757,000

Q1 revenue $12.25B (+16% YoY), operating income $3.96B (+18% YoY), both slightly above guidance.
GAAP diluted EPS $1.23 (vs $0.66 YoY); includes $2.8B Warner Bros. termination fee in other income.
Full-year 2026 revenue guidance unchanged at $50.7-$51.7B; operating margin target 31.5%.
Ad revenue on track to double to ~$3B in 2026; ads plan over 60% of new sign-ups in ad countries.
Reed Hastings to not stand for re-election as director at June annual meeting; Chairman until then.

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