Movies and Entertainment

Netflix

Today’s Key News Recap

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0417 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) Xiaomi Communications issued the '26 Xiaomi K1' sci-tech innovation bond for intelligent manufacturing on the SSE, sized at RMB 1 bn with a 3-year tenor and a 1.6% coupon, with the book 4.82x covered. This issuance delivers on both policy tailwinds and market confidence. The 1.6% coupon is well below AAA corporates of the same tenor, underscoring strong institutional conviction in Xiaomi's hard-tech push and its AAA credit profile...

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BABA 'Happy Oyster' Unveils Virtual World; Meituan 'Shrimp 345' Expands AI Ecosystem | Daily News Recap

Conference Minutes

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The following is Dolphin Research's transcript of $Netflix(NFLX.US) FY26 Q1 earnings call. For our earnings take, see 'Even without Warner, it still bombed — has Netflix run out of steam?'. I. Key highlights recap follows.1) Full-year guide unchanged. For 2026, revenue growth of 12–14%, OPM at 31.5%, and ads revenue target of approx. $3bn (YoY ~2x).2) M&amp;A-related costs. At the start of the year, mgmt. estimated $275mn, incl. the InterPositive acquisition and the Warner Bros. deal...

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NFLX (Trans): FY revenue guidance already factors in potential price hikes this year

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$Netflix(NFLX.US) Q1 once again disappointed on guidance, even as the quarter beat estimates and reaffirmed management's conservative guide. Market sentiment heading into the print had run hot.Since scrapping a potential WBD acquisition, risk appetite improved. A surprise price hike in late Mar further reinforced the pricing-power thesis.Shares rallied 25% into the print, bucking the tape. This reflected hopes that NFLX would revert to the 'price hikes + cost discipline' playbook, but profit guidance suggested that while M&amp;A is off, investment will still continue.

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No WBD deal, NFLX still bombed — is it out of ideas?

NFLX 1Q26 First Take: Shares sold off again on a guidance miss. This came despite a quarterly beat that underscored management's typically conservative guide. After NFLX walked away from acquiring WBD, investors expected a return to the playbook of price hikes plus efficiency. The late-Mar US price increase further fueled hopes for a return to peak form. However, margin guidance suggests investment will continue despite the deal being off. New content spend will focus on games and live sports this year. In detail: 1) Is revenue growth set to slow? Q1 revenue was $12.2bn, +16% YoY (+14% cc), beating guidance. We think the upside mainly came from sub scale and ads. There were no broad price hikes in Q1; the late-Mar US move will fully flow into Q2. Mgmt guides Q2 revenue to under $12.6bn, below consensus, implying growth slowing to ~13% vs. 16%, even with a 100bps FX tailwind. Despite the Q1 beat and only a slight Q2 miss, mgmt did not lift the FY revenue guide, keeping $50.7–51.7bn. That implies 12–14% growth on Jan FX, still assuming a 100bps FX tailwind. That said, new monetization is ramping. Mgmt expects ads to double to $3bn this year, and in early Apr it launched the standalone kids gaming app 'Netflix Playground', with more titles coming in 2026. Games are meant to enhance member value and reduce churn, with limited direct revenue. Even so, mgmt's revenue outlook still looks conservative. 2) Margin noise may slow the improvement? Q1 OP beat, with OPM up 50bps YoY. The $2.8bn breakup fee from WBD was booked in other income. However, Q2 margin guidance disappoints, with OPM below last year. Mgmt cites content amortization tied to the kids gaming app. The acquisition of AI studio Interposition may also add personnel costs as integration progresses. FY OPM guidance is unchanged at 31.5% (+250bps YoY). But last quarter mgmt said the WBD deal would drag FY OPM by 50bps; after NFLX walked away, the Street had moved to ~32%. 3) Buybacks restart: Since the late-Feb decision to stop the deal, NFLX repurchased $1.3bn in Q1, with $6.8bn remaining under the current authorization. The $2.8bn cash compensation improved liquidity, and FY FCF guidance was raised to $12.5bn from $11bn (the breakup fee is taxable). Content spend was $4.8bn in Q1 (+21% YoY), with FY content investment near $20bn. Some investors worry higher content amortization could cap OPM improvement. $Netflix(NFLX.US)

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0416 | Dolphin Research Focus: 🐬 Macro/Sector 1) The National Bureau of Statistics released China's Q1 2026 macro data today. Preliminary estimates put GDP at RMB 33.42tn, up 5.0% YoY in real terms, at the upper end of the 4.5%-5.0% annual target range.In Mar, national retail sales rose 1.7% YoY. Retail demand remains soft, with signs of further weakening at the margin. See Dolphin Research's take: 'Mar Retail Sales: A Cold Snap in Consumption? How big is the problem'...

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XPEV GX flagship debuts; TSLA hits AI5 chip tape-out milestone | Daily News Recap

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0327 | Dolphin Research Focus: 🐬 Macro/Industry. Trump said on Thu, Mar 26 on social media that, at Iran's request, planned strikes on Iran's energy facilities would be pushed back 10 days to 8pm ET on Apr 6.He had earlier moved the 48-hour ultimatum issued on Mar 21 out by five days to Mar 27. Iran denied making a direct request, saying there had only been indirect information exchanges, per today's headlines.Given the current setup, a substantive agreement before Apr 6 looks unlikely. Even after the extension, military escalation could still resume, and the geopolitical risk premium has not fully cleared...

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U Surges on Strong Results; META Doubles Down on AI Race | Daily News Recap

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2026 guidance signals a marked slowdown

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Pop Mart: Revenue Surges, Shares Plunge — Who Got It Wrong?---

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0306｜Dolphin Research Focus: 🐬 Macro/Industry 1) The US Dept. of Commerce is preparing to globalize its export approval regime for advanced AI chips, moving beyond country-specific controls. Reviews would be organized into three tiers based on purchased compute.Orders exceeding 200k chips would trigger government-to-government negotiations and the disclosure of critical technical details. Approved countries would also be required to commit matching investment in US digital infrastructure.This move reflects US tech hegemony and could destabilize the global semiconductor supply chain. It also raises compliance costs for US chip makers.It is likely to push countries to accelerate domestic compute R&amp;D, supporting China's semiconductor localization. Overall, expect faster onshore capacity build-outs and substitution.

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BYD's 'disruptive tech' debuts; Xiaomi's mobile Agent emerges | Daily News Recap---

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0226 | Dolphin Research focus: 🐬 Stock 1, $Alibaba(BABA.US). Alibaba Cloud Bailian launched the 'Coding Plan', integrating APIs for four mainstream models — Qwen3.5, GLM-5, MiniMax M2.5 and Kimi K2.5 — making it the only cloud provider globally to offer this combo.Lite plan is priced at RMB 7.9 for the first month and RMB 40 for the second; Pro plan at RMB 39.9 for the first month and RMB 200 for the second, with free model switching. The aim is to lower AI coding barriers through aggressive pricing and full-stack model coverage...

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Alibaba Cloud rolls out dirt-cheap AI coding bundle; JD's 'Billion-yuan Supermarket' reignites subsidy rush | Daily News Recap

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0224 | Dolphin Research Focus: 🐬 Macro/Industry. Trump signaled a preference for a diplomatic deal over military action on the Iran issue. Geopolitical tensions cooled quickly, and the Geneva talks on Feb 26 remain on schedule.Gold's safe-haven premium is fading. Middle East risks still imply potential conflict. U.S. monetary policy remains the core driver of gold.AI: Leading player Anthropic will host an online livestream. Scheduled at 9:30 a.m. ET on Tue (10:30 p.m. Beijing time)...

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CTG Duty Free hits limit-down on a negative surprise; Lei Jun sets '15-5' hardcore chip push | Daily News Recap---

Netflix Expands into Family and Toy/Candy Markets for Diversification

Resona Asset Management Boosts Netflix Stake by 878.6% to $121.3M as Executives Sell for Taxes

RiverFront Q4 Increases Netflix Stake by 944.1%, Holding $1.49 Million

Netflix Announces 5 NFL Games in 2026, Stock Rises 3.02% to $89.65

Bank of America Reaffirms Buy Rating on Netflix with $125 Target; Q3 Earnings Beat Expectations

Sherry Group Inc. Invests ~$1.88M to Acquire Netflix Shares, Becoming 14th Largest Holding

Mission Wealth Management Increases Netflix Stake by 916%, Executives Sell, Analysts Remain Bullish

Arrow Financial Corp Significantly Increases Stake in Netflix to $2.85 Million

Independent Solutions Wealth Management Increases Netflix Stake by 872% as Q1 Earnings Beat Expectations

Netflix(NFLX.US)

XNTK's equal-weighted tech strategy widens lead over QQQ

NETFLIX: GROWING INTO FRESH AREAS LIKE KIDS & FAMILY AND BROADENING PRODUCT LINES WITH SIGNIFICANT STEPS INTO TOYS AND SWEETS - WEBSITE

Netflix partners with Ferrero to launch global Wonka confectionery range

13:45 ETMoose Toys and Netflix Expand Master Toy Partnership for New Kids & Family Entertainment

Verde Capital Management Has $4.09 Million Position in Netflix, Inc. $NFLX

Netflix Sentiment Improves After Video Streamer's Upfront Presentation

Netflix, Inc. $NFLX Stock Position Raised by Resona Asset Management Co. Ltd.

RiverFront Investment Group LLC Has $1.49 Million Holdings in Netflix, Inc. $NFLX

Omdia: Amazon, Netflix and Google to Capture Half of $81 Billion CTV Advertising Market by 2030 | TTGT Stock News