Netflix Inc NFLX

Revenue Intelligence Report • 8 quarters of SEC filing data • Updated 2026-03-15

Netflix Inc has a forecasted full-year revenue of $55B, a +22.3% year-over-year change, based on 8 quarters of SEC filing data. The ARDL model achieves strong accuracy at 0.5% MAPE.

Investment Thesis

Our ARDL model tracks Netflix Inc's revenue with exceptional precision (0.5% MAPE), indicating highly predictable cash flows.

Next FY Revenue
$55.3B
+22.3% YoY
SG&A Elasticity
-0.36x
Model Accuracy
0.5% MAPE
Holdout validation: The model predicted $12B vs the actual $12B — an error of 0.1%.
⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.
Note: Netflix Inc does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

NFLX Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $12B $12B $12B – $12B +17.5% ✓ In range
Q2 2026 $13B $12B – $13B +20.0%
Q3 2026 $13B $13B – $14B +20.5%
Q4 2026 $14B $14B – $15B +23.1%
Q1 2027 $15B $15B – $16B +25.4%

How Spending Drives Revenue

NFLX Spending Timing
Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

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