Netflix Eyes TikTok-Style Feed To Capture 'Snackable' Viewing - Netflix (NASDAQ:NFLX)
Benzinga
Last updated: April 23, 2026
This company surpassed analyst expectations in its first-quarter financial report. It announced revenue figures that exceeded projections and also provided its earnings per share for the period.
- The company's first-quarter revenue reached $12.25 billion, exceeding the analyst consensus of $11.79 billion.
- Net income for the quarter was reported at $785 million, a significant increase from $246 million in the same period last year.
- Earnings per share (EPS) stood at $1.23, surpassing the $0.70 estimated by analysts.
- This strong financial performance was attributed to robust sales across multiple product categories, particularly in its enterprise solutions segment.
- The company's guidance for the second quarter also indicates continued optimism, projecting revenue between $12.4 billion and $12.6 billion.
- Gross profit margin remained healthy at 60.2%, slightly down from 60.5% in the prior year's quarter.
- Operating expenses increased by 8% year-over-year, driven by investments in research and development and marketing initiatives.
- The company ended the quarter with $5.1 billion in cash and cash equivalents.
- Shareholders equity increased to $25.8 billion.
