Netflix’s NFLX Shares Fell Sharply in Hour Trading Despite Beating Wall Street Expectations in Q1 Revenue - Tekedia

Netflix beat Q1 2026 expectations with $12.25B revenue and about $1.23 diluted EPS, but shares fell 8% to 10% after hours.

Investors focused on softer Q2 guidance, with revenue and earnings forecast slightly below consensus.

The quarter’s profit was helped by a one-time $2.8B fee tied to the failed Warner Bros. Discovery deal.

Management kept its full-year outlook mostly unchanged, but the stock reaction shows the market is prioritizing forward growth signals.