Netflix, Q1 and and earnings
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Netflix sets Charlie vs Chocolate Factory animated feature
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Trust me when I say two things. One, I watch a lot of true crime. Two, Trust Me: The False Prophet is one of the best true crime docuseries I've ever seen. The new Netflix series follows a recent offshoot of the polygamous Mormon sect called the Fundamentalist Church of Jesus Christ of Latter-Day Saints (FLDS).
If Netflix can continue generating new quality content, today's move will look like a great buying opportunity.
Reed Hastings ends a three-decade run that transformed a DVD-by-mail service into a global streaming powerhouse.
Netflix announced on Thursday that it will be launching a redesigned mobile app, which will include a vertical video feed, at the end of April. “This redesign will better reflect our expanding entertainment offering and make it easier for members to engage how and when they want,” the company said in its Q1 2026 earnings letter to shareholders.
Netflix edged out revenue targets and crushed earnings expectations in the first quarter. Investors still held their nose when management set modest next-quarter targets. Perhaps most significantly, co-founder Reed Hastings is leaving the Board after shaking up Hollywood for nearly three decades.
Netflix investors were thrilled the streaming giant didn’t end up buying Warner Bros. But the company’s latest results suggest that its near-term future as a solo act may not be as thrilling. Netflix shares slid nearly 10% Friday morning following its [first-quarter report.
Netflix co-CEO Ted Sarandos said during an investor call that the company built its "M&A muscle" during its pursuit of WBD's assets.
Joe Rogan has welcomed Netflix’s move into the MMA space, calling it “good news” for the sport. The streaming giant will air its first ever event on May 16, with a card promoted by Jake Paul’s Most Valuable Promotions taking place at the Intuit Dome in Inglewood.