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Apr 22, 2026 4:00 PM

Netflix Eyes TikTok-Style Feed To Capture 'Snackable' Viewing

Streaming giant Netflix Inc. (NASDAQ:NFLX) beat first-quarter revenue and earnings estimates last week but signaled a softer near-term outlook. At the same time, an analyst note highlighted a planned mobile vertical video rollout to boost user engagement.

Earnings Beat Estimates

The company reported first-quarter revenue of $12.25 billion last week, beating analyst estimates of $12.18 billion, according to Benzinga Pro.

The company reported earnings of $1.23 per share for the quarter, beating estimates of 76 cents per share.

Netflix guided for second-quarter revenue of $12.57 billion versus estimates of $12.63 billion. The company anticipates second-quarter earnings of 78 cents per share versus estimates of 84 cents per share.

The company also announced that chairman and co-founder Reed Hastings will not stand for re-election to the board when his term expires in June.

Hastings previously stepped down as co-CEO in 2023 and has since served as chairman. His departure leaves co-CEOs Ted Sarandos and Greg Peters fully in charge.

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