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Netflix reported a net income of over *** billion U.S. dollars in the first quarter of 2026. This represented an increase of around *** million over the previous quarter. 

Netflix’s profit compared to other DTC businesses

Despite Netflix recording the highest expenses among major streaming services worldwide, it is one of the very few companies in the direct-to-consumer streaming business making money. In 2024, the operating profit of Netflix amounted to around ** billion U.S. dollars, while Paramount, for example, reported DTC losses of *** million U.S. dollars that year. Peacock’s losses exceeded *** billion U.S. dollars.

Netflix’s content expenditure flattens

However, like other providers, the streaming giant implemented several measures to reduce churn and costs. For example, Netflix’s content spending will probably not continue to increase much. The company already abruptly stopped further production of TV series seasons like “That '90s Show” and “Unstable,” as high production costs failed to pay off and the shows were met with unsatisfied viewers.