NFLX Netflix, Inc.

neutral SHIFT 2/6 shifts correct ↓ $86.02 -0.34 (-0.4%)
Mkt Cap $373B P/E 28.6 fwd 23.1 52wk $75.01 - $134.12 Earnings beating 11h ago
What We Found Primary source analysis others skip
Material Events (8-K)
8-K
Director departure

Reed Hastings informed Netflix he will not stand for re-election as a director at the 2026 annual meeting. His current term expires at that meeting, but he will continue serving as an advisor.

Filed 2026-04-16 · Reed Hastings
8-K
Termination and waiver of negotiation rights on merger agreement Bearish

Netflix, Inc. and Warner Bros. Discovery, Inc. were engaged in a complex merger agreement involving the reorganization and merger of subsidiaries. On February 26, 2026, Warner Bros. Discovery informed...

Filed 2026-02-27 · Netflix, Inc., Warner Bros. Discovery, Inc.
8-K
Amendment to merger agreement $27.75 per share

Netflix, Inc. and Warner Bros. Discovery, Inc. amended their merger agreement so that the $27.75 per share consideration to WBD stockholders will be paid entirely in cash instead of a mix of cash and ...

Filed 2026-01-20 · Netflix, Inc., Warner Bros. Discovery, Inc.
8-K
Entry into a Material Definitive Agreement $5,000,000,000

Netflix entered into a $5 billion Senior Unsecured Revolving Credit Agreement with Wells Fargo and other lenders to replace part of its previous bridge commitment letter. This credit facility will fin...

Filed 2025-12-22 · Netflix, Inc., Wells Fargo Bank, National Association
Insider selling: $44,109,082 sold by 6 insiders (30d)
Est. revisions: -6.2% (4 up, 23 down in 30d)
Factor Model (net -2.4)

Factor Model

net -2.4 5.7 / 10
Est. Revisions
-0.4
Insider Activity
+0.0
Momentum
-0.5
Analyst Rev.
-0.9
Narrative Gap
+0.0

Netflix's Q1 revenue hits $12.25B; stock falls 29%

Watch: Watch Netflix’s next earnings and leadership transition impact on growth and margins.

Netflix reported 16.2% YoY revenue growth to $12.25 billion in Q1 2026, with a 32.3% operating margin and net income of $5.28 billion. The company maintained 2026 revenue guidance at $50.7-$51.7 billion despite strong Q1 results. Stock is down nearly 29% from its 52-week high amid concerns over slower growth and Reed Hastings stepping down as chairman.

Strong Q1 earnings confirm profitability but market skepticism on growth and leadership changes pressure the stock, suggesting cautious investor sentiment.

Evidence

7 older signals
13d ago B of A Securities reit NFLX: Buy → Buy
13d ago Short interest surged 22% to 95,064,296 shares
16d ago Guggenheim reit NFLX: Buy → Buy
16d ago Renaissance 13F (2026Q1):. New position in AAPL ($780,569,445) +549 more. Exited
Fundamentals & Data ▾
Netflix, Inc. Communication Services · Entertainment
Mkt Cap
$373B
P/E
28.6 fwd 23.1
Beta
1.55
52w Range
$75.01 - $134.12
Short Interest
95.1M 2.27%
Days to Cover
2.3 +18%
Technicals downtrend
vs 20d MA
-2.4%
vs 50d MA
-7.5%
from 52w Hi
-31.9%
Vol (20d)
23%
1w return
-3.7%
1m return
-6.6%
3m return
-10.6%
Vol ratio
0.9x
Insiders
selling 0B / 12S
Analysts
mixed
Earnings
beating 3B / 1M
EPS Estimate
$0.79 -6.2% 30d 4up / 23dn
Est. Dispersion
11% 35 analysts
Analyst Target
$115 $80 - $151
Options P/C
0.33 2C / 0P unusual
Insider Cluster
strong sell 0B / 5S
Fund Convergence
strong Citadel, D.E. Shaw, Coatue, Tiger Global, Two Sigma
Financials
Revenue
$12.2B +16% YoY
FCF
$5.1B
Gross Margin
52%
Op Margin
32%
Momentum: decelerating
Top Holders
Citadel $8.9B
D.E. Shaw $2.0B
Coatue $1.0B
Tiger Global $229M
Two Sigma $190M
Recent Filings & Data
insider trade 10
net selling · $44,109,082 sold
6 insiders · 10 transactions (30d)
Recent transactions
HASTINGS REED · sell · $37,956,938
PETERS GREGORY K. · other
PETERS GREGORY K. · sell · $2,422,421
NEUMANN SPENCER ADAM · sell · $823,075
NEUMANN SPENCER ADAM · other
WILLEMS CLETUS R · other
HASTINGS REED · exercise · $3,968,722
SARANDOS THEODORE ANTHONY JR. · sell · $2,402,627
HYMAN DAVID A · sell · $504,021
HYMAN DAVID A · other
material event 7

Reed Hastings informed Netflix he will not stand for re-election as a director at the 2026 annual meeting. His current term expires at that meeting, but he will continue serving as an advisor. SEC↗

Netflix, Inc. and Warner Bros. Discovery, Inc. were engaged in a complex merger agreement involving the reorganization and merger of subsidiaries. On February 26, 2026, Warner Bros. Discovery informed Netflix that it had received a superior proposal from Paramount Skydance Corporation, leading Netflix to waive its negotiation rights with Warner Bros. Discovery and not proceed with further discussions. SEC↗

Netflix, Inc. and Warner Bros. Discovery, Inc. amended their merger agreement so that the $27.75 per share consideration to WBD stockholders will be paid entirely in cash instead of a mix of cash and Netflix shares. SEC↗

Netflix entered into a $5 billion Senior Unsecured Revolving Credit Agreement with Wells Fargo and other lenders to replace part of its previous bridge commitment letter. This credit facility will finance the cash portion of Netflix's merger acquisition of Warner Bros. Discovery, Inc., cover related fees, and potentially refinance other debt. The agreement supports working capital and general corporate uses as well. SEC↗

Netflix, Inc. and Warner Bros. Discovery, Inc. have entered into a definitive merger agreement involving a complex transaction where Warner Bros. Discovery will be merged into Netflix after an internal reorganization and separation of certain assets. The Boards of both companies have unanimously approved the agreement. The merger structure involves several subsidiary steps to retain the streaming studios business under Warner Bros. Discovery. SEC↗

2 more
Netflix's Compensation Committee approved amendments to compensatory arrangement
Elinor Mertz was appointed to Netflix's Board of Directors and the Audit Committ
Track Record (2/6 correct) ▾

Direction History

2/6 correct at 5 days
2026-05-14 bullish +2.7%
2026-04-27 bullish -0.4%
2026-04-24 bullish -0.4%
2026-04-18 bearish -5.0%
2026-03-15 bullish -3.7%
2026-03-08 bullish -3.8%
15 signals · latest 11h ago

Keep reading the market

Direction shifts, insider clusters, filing red flags, and earnings call changes stay published on the site.