Communication Services·Movies & Entertainment·$388.5B
Netflix Inc. (NFLX) is a leading streaming service that provides a wide variety of award-winning TV shows, movies, anime, and documentaries....
EPS
Earnings per share is a key indicator of profitability and helps gauge the company's financial health.
Revenue
Revenue growth is crucial for assessing Netflix's ability to attract and retain subscribers in a competitive market.
Wall Street expectations, options signals, track record, and call prep available with Pro.
EPS Beat Streak
2Q
EPS Beat Rate
88%
Avg EPS Surprise
+8.58%
Avg Stock Reaction
+0.15%
In Q1 2026, Netflix reported an EPS of $1.23, significantly exceeding the estimate of $0.81. This strong performance reflected the company's ability to attract new subscribers and manage costs effectively.
Management Promises & Guidance
Analysts expect Netflix to report solid earnings and revenue growth, driven by strong subscriber retention and content investments. However, there are concerns about increasing competition and market saturation.
Bull Case
If Netflix exceeds EPS and revenue estimates, it could signal robust subscriber growth and effective cost management, boosting investor confidence.
Bear Case
If Netflix falls short of expectations, it may raise concerns about subscriber growth and profitability, leading to a negative market reaction.
EPS
0.79Earnings per share is a key indicator of profitability and helps gauge the company's financial health.
Revenue
12.6BRevenue growth is crucial for assessing Netflix's ability to attract and retain subscribers in a competitive market.
The print will turn on these two things.
Q1
Will Netflix's subscriber growth exceed the expected numbers?
Subscriber growth is critical for revenue, and exceeding expectations could indicate strong demand for content.
Q2
How will management address competition and content costs?
Understanding management's strategy to tackle competition and control costs will be key to assessing future profitability.
Why consensus could be wrong
The consensus may underestimate Netflix's ability to innovate and retain subscribers, especially in international markets.
Supporting Evidence
Previous earnings surprises indicate potential for continued strong performance.
Management's commitment to original content could drive subscriber growth.
Options pricing suggests a significant move, reflecting uncertainty that could favor a positive outcome.
Key Risk
If subscriber growth significantly exceeds expectations, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance is pivotal as it reflects Netflix's ability to navigate a competitive landscape while maintaining profitability.
Bull Confirmed If
EPS of $0.83 or higher with revenue exceeding $12.8B would confirm strong growth.
Bear Confirmed If
EPS below $0.74 with revenue falling short of $12.4B would indicate potential issues.
Implied Move
±5%
Historical Avg
±1.0%
The options market is pricing in a potential move of around 5% following the earnings announcement, indicating uncertainty about the results.
Options are pricing ±5.0% while NFLX has averaged ±1.0% over the last 8 prints — setup is pricing rich.
Likely market behavior by outcome — not investment advice.
Beat & Raise
If Netflix beats expectations, history suggests the stock could rise by an average of 3.8%, confirming strong demand and effective management.
In-Line / Cautious
An in-line report may lead to a muted reaction, as investors await further commentary on future growth strategies.
Miss
A miss could result in a decline, with historical patterns indicating an average drop of around 3.8% following earnings misses.
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
No charge today · Auto-bills $8/mo after 7 days · Cancel anytime
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
No charge today · Auto-bills $8/mo after 7 days · Cancel anytime
GOLDMAN SACHS GROUP
Jul 14, 2026