Who needs Warner Bros.? Netflix reported better-than-anticipated first quarter (2026) revenue thanks to surprisingly strong member growth, particularly in Japan, where the World Baseball Classic was a massive hit. Better ad sales and higher subscription prices also kicked in. We did not get an updated subscriber total on Thursday.
What we did get was a set of financials that topped expectations, both internal and external. For the March quarter, Netflix posted diluted earnings of $1.23 per share on $12.250 billion in revenue, up 16 percent from the prior year. Net income was $5.283 billion; operating income was nearly $4 billion (+18 percent). The company previously forecast its Q1 2016 revenue at $12.157 billion, and predicted $3.264 billion in profit, which would have diluted to 76 cents per share.
The big beat at the bottom line was thanks in large part to a $2.8 billion termination
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