You never know what kind of data you’re going to get from Netflix in an earnings report these days. The streamer no longer regularly provides subscriber updates, yet in its report from the fourth quarter of 2025, it decided to reveal that it had grown to 325 million paid subscribers. In its first disclosure since that report, the world’s largest stream revealed another surprise, as it bested projections to hit $12.25 billion in revenue during the first quarter of 2026.
Key Details: With a B: During the first quarter of 2026, Netflix hit $12.25 billion in revenue. Still on pace: Netflix continues to forecast $3 billion in ad revenue in 2026. Say goodbye: Co-founder Reed Hastings will leave Netflix’s board of directors in June. 
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In its first quarter, Netflix’s $12.25 billion in revenue marked an increase of 16.2% over the year-ago quarter.
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