Netflix (NFLX) official guidance
Netflix (NFLX) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteNFLXNETFLIX INCFY2026 · ends 2026-12-31
4 metrics3 newearnings call · 2026-07-17 04:01:08 UTC
2026-07-17 04:01:08 UTC5%new
Live, we expect, will be 5% of our content budget this year, but we think that'll only be 1% of view hours.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
2026-07-17 04:01:08 UTC10%new10% vs FY2025
We're forecasting content expense up about 10% this year.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
2026-07-17 04:01:08 UTC$6Bnew
That's roughly 12% FX neutral, or about $6 billion of incremental revenue year-over-year.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
2026-07-17 04:01:08 UTC13% – 14%13% – 14% vs FY2025
We expect to deliver another strong year with, as you see in the guide, 13%-14% top-line growth for the full year.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
2025-10-22 04:01:03 UTChealthy revenue growthnew
Look, we'll issue a full year 2026 guidance on our next call in January, but our financial objectives are unchanged. We look to sustain healthy revenue growth, look to expand margins, and increase free cash flow.
NFLX · transcript · Q3 FY2025
2025-10-22 04:00:00 UTCOpen source
NFLXNETFLIX INCQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-17 04:01:08 UTC
2026-07-17 04:01:08 UTC12%new12% vs Q3 FY2025
We're guiding, as you say, to 12% revenue growth in Q3 reported, 11% FX neutral.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
NFLXNETFLIX INCFY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-07-17 04:01:08 UTC
2026-07-17 04:01:08 UTC12%new12% vs FY2025
That's roughly 12% FX neutral, or about $6 billion of incremental revenue year-over-year.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
NFLXNETFLIX INCQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-17 04:01:08 UTC
2026-07-17 04:01:08 UTC11%new11% vs Q3 FY2025
We're guiding, as you say, to 12% revenue growth in Q3 reported, 11% FX neutral.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
NFLXNETFLIX INCFY2026 · ends 2026-12-31
9 metrics6 new2 maintainedearnings call · 2026-07-17 04:01:08 UTC
2026-07-17 04:01:08 UTC8%new
If you compare that to another content category, take animation series, kids' family TV, it's also about 5% of our content spend, the same amount of spend, but it's going to drive, we expect, 8% of view hours.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
2026-07-17 04:01:08 UTC1%new
Live, we expect, will be 5% of our content budget this year, but we think that'll only be 1% of view hours.
NFLX · transcript · Q2 FY2026
2026-07-17 04:00:00 UTCOpen source
2026-04-17 04:00:53 UTC31.5%maintained201 bps vs FY2025
Given that, we are maintaining our guidance, our strong outlook for organic growth that we established for 2026. That's revenue growth of 12%-14%, operating margin at 31.5%.
NFLX · transcript · Q1 FY2026
2026-04-17 04:00:00 UTCOpen source
2026-01-21 05:01:16 UTC31.5%new
We're targeting 31.5% operating margins for 2026.
NFLX · transcript · Q4 FY2025
2026-01-21 05:00:00 UTCOpen source
2026-04-17 04:00:53 UTC12% – 14%12% – 14% vs FY2025
Given that, we are maintaining our guidance, our strong outlook for organic growth that we established for 2026. That's revenue growth of 12%-14%, operating margin at 31.5%.
NFLX · transcript · Q1 FY2026
2026-04-17 04:00:00 UTCOpen source
2026-01-21 05:01:16 UTCmore healthy growthnew
We are now forecasting more healthy growth for the year to come, specifically organic growth.
NFLX · transcript · Q4 FY2025
2026-01-21 05:00:00 UTCOpen source
2026-04-17 04:00:53 UTC$3Bmaintained
We continue to expect to deliver that $3 billion in advertising revenue this year. We haven't adjusted that target.
NFLX · transcript · Q1 FY2026
2026-04-17 04:00:00 UTCOpen source
2026-01-21 05:01:16 UTC$3Bnew
So on the revenue side for 2026, key drivers are, you know, similar to 2025. So it's membership growth, it's pricing, and it's a rough doubling of our ad revenue in 2026 to about $3 billion.
NFLX · transcript · Q4 FY2025
2026-01-21 05:00:00 UTCOpen source
2026-01-21 05:01:16 UTC10%new10% vs FY2025
But for the full year, we're estimating, as you see in our letter, content amortization to increase roughly 10% year-over-year.
NFLX · transcript · Q4 FY2025
2026-01-21 05:00:00 UTCOpen source
2026-01-21 05:01:16 UTC$51Bnew
We forecast 2026 revenue at $51 billion, which is up 14% year on year.
NFLX · transcript · Q4 FY2025
2026-01-21 05:00:00 UTCOpen source
2025-10-22 04:01:03 UTCincrease free cash flownew
Look, we'll issue a full year 2026 guidance on our next call in January, but our financial objectives are unchanged. We look to sustain healthy revenue growth, look to expand margins, and increase free cash flow.
NFLX · transcript · Q3 FY2025
2025-10-22 04:00:00 UTCOpen source
2025-10-22 04:01:03 UTCexpand marginsnew
Look, we'll issue a full year 2026 guidance on our next call in January, but our financial objectives are unchanged. We look to sustain healthy revenue growth, look to expand margins, and increase free cash flow.
NFLX · transcript · Q3 FY2025
2025-10-22 04:00:00 UTCOpen source