Netflix shares fell 10% in premarket trading after the company reported a slight beat in Q1 2026 revenue but forecasted lighter Q2 sales and operating income for Q2. For Q2, Netflix forecasted revenue growth of 13% and operating margin of 32.6%. However, it also stated that Q2 will have the highest year-over-year content amortization growth rate in 2026, before decelerating to “mid-to-high single digit growth” in the second half of the year. Despite this, Wall Street remains largely positive on Netflix's outlook. Co-CEO Greg Peters explained that the initial full-year guidance already factored in “pricing adjustments” that are expected throughout the year, and that the company also announced price increases in Spain.