Netflix(NFLX) - 2025 Q4 - Annual Results

Exhibit 99.1 January 20, 2026 Fellow shareholders, | (in millions except per share data) | | Q4'24 | | Q1'25 | | Q2'25 | | Q3'25 | | Q4'25 | | Q1'26 Forecast | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue | $ | 10,247 | $ | 10,543 | $ | 11,079 | $ | 11,510 | $ | 12,051 | $ | 12,157 | | Y/Y % Growth | | 16.0 % | | 12.5 % | | 15.9 % | | 17.2 % | | 17.6 % | | 15.3 % | | Operating Income | $ | 2,273 | $ | 3,347 | $ | 3,775 | $ | 3,248 | $ | 2,957 | $ | 3,906 | | Oper ...