Netflix, Inc. (NFLX) posted first quarter GAAP net income of $32.3 million or $0.59 per share, compared to $22.4 million or $0.37 per share in the prior year period. Non-GAAP net income for the period was $35.5 million or $0.65 per share, compared to $24.2 million or $0.40 per share in last year quarter.
On average, thirty analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share. Analyst's estimate typically exclude special items.
Revenue for the first quarter was $493.7 million, compared to $394.1 million in the year-ago period. Twenty-nine Wall Street analysts expected revenues of $493.07 million.
Looking forward, for the second quarter, the company expects GAAP net income in the range of $34 million to $40 million and earnings per share in the range of $0.62 to $0.73 per share. Revenue is estimated in the range of $517 million to $525 million.
Street analysts expect earnings of $0.68 per share on revenues of $516.21 million.
Further ahead, for the full-Year 2010, GAAP net income is now estimated in the range of $132 million to $144 million, up from its previous forecast in the range of $125 million to $137 million. GAAP earnings per share is now projected in the range of $2.41 to $2.63 per share, up from its earlier estimate in the range of $2.28 to $2.50 per share. Revenue is now expected to be in the range of $2.11 billion to $2.16 billion, up from its earlier projection in the range of $2.05 billion to $2.11 billion.
Street analysts expect earnings of $2.51 per share on revenues of $2.10 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.