May. 30 at 3:38 PM
$NFLX Netflix (NFLX) posted Q1 2026 revenue of
$12.24B, up 16.19% YoY, and raised full-year free cash flow guidance to
$12.5B from
$11B, while advertising revenue is on track to roughly double to
$3B with advertiser count up 70% YoY to over 4,000 clients. The company’s operating margin is guided to 31.5%, with Q2 margin expected at 32.6%.
Netflix is rebounding from weakness as advertising scaling and free cash flow inflection create operating leverage that Wall Street consensus has underpriced, with bullish margin guidance and a restarted
$6.8B buyback program offsetting near-term sentiment headwinds.