Netflix was the fifth-largest contributor to the RiverPark Large Growth Fund in the first quarter of 2026, gaining approximately 3% and significantly outperforming a sharply down market. The company benefited from multiple positive developments, including its decision to walk away from the proposed acquisition of Warner Bros. Discovery, which removed a major strategic and regulatory overhang. Netflix's fourth-quarter 2025 earnings report highlighted full-year 2025 revenue of approximately $45.2 billion, an operating margin of nearly 29.5%, and global paid membership crossing 325 million, with management guiding for 2026 revenue growth of 12 to 14 percent and operating margin expansion to 31.5 percent. The firm views Netflix as the dominant global streaming platform with durable competitive advantages, citing its unmatched content library, scalable technology infrastructure, growing advertising business, and pricing power. With strong free cash flow generation and improving operating leverage, Netflix remains well positioned to compound earnings over the long term.
Netflix IncQ4 2025 earnings beat and strong 2026 guidance drove positive fund performance.
Warner Bros Discovery Inc