Netflix Reports Slowing Revenue Growth
Netflix (NASDAQ: NFLX) reported first-quarter revenue of $12.3 billion on April 20, 2026, a 16.2% increase from $10.5 billion in the same quarter last year. However, this marks a deceleration from the previous quarter’s 17.6% growth. Management forecasts a further slowdown, projecting a revenue growth of just 13.5% for Q2 2026 and a full-year growth range of 12% to 14%.
Despite a surge in earnings per share to $1.23 from $0.66 year-over-year, Netflix’s shares saw a decline in after-hours trading, dropping to approximately $98. The stock currently trades at about 32 times earnings, raising concerns over its high valuation amid growing competition in the streaming industry.
