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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“During the quarter, we launched WWE 2K's Mobile for Netflix and Red Dead Redemption and Undead Nightmare for several new platforms.”
Take-Two distributed WWE 2K Mobile through Netflix, a games-distribution partnership with Netflix.
“we anticipate a Bridgerton boost with the recent premiere of Season 4 on Netflix”
News Corp expects the Netflix premiere of Bridgerton Season 4 to boost related HarperCollins book sales, an IP read-through tied to Netflix's content slate.
“In terms of other media, that's an area where we have done some deals in the past, and we are doing a BioShock movie with Netflix so we are looking at things like that opportunity.”
Beyond games distribution, Take-Two is also partnering with Netflix on a BioShock film adaptation, extending the relationship into media/IP licensing.
“So our partnership with Netflix has been fantastic. Obviously, the most attractive part of that is that, number one, they seem very serious about gaming and have shown that over and over at this point, which is great news for us and there are a lot of consumers. And when Netflix gets together and with the marketing power that they have with incredible content, which we've been able to offer, then you know that's going to be a great recipe for success.”
Take-Two describes its distribution partnership with Netflix for mobile game scaling as very positive, citing Netflix's serious commitment to gaming and marketing power as key value-adds.
“put us in a very different kind of business than perhaps what you are witnessing with Paramount, Netflix, and Warner Brothers, what their ambitions may be.”
Comcast contrasts its parks/studios/streaming mix with Netflix and other media peers, positioning itself differently from Netflix's pure-streaming model.
“we added K-Pop Demon Hunters, the global phenomenon and Netflix's most popular film, as a co-master toy licensee.”
Hasbro became co-master toy licensee for Netflix's K-Pop Demon Hunters, a positive merchandising read-through for Netflix's biggest film.
“you also get Netflix on us.”
T-Mobile bundles Netflix as an included perk on its plans, making it a content-distribution partner reaching T-Mobile's postpaid base.
“In December, Season 3 of King of Collectibles: The Goldin Touch debuted on Netflix and ranked in the top 10 shows in 7 countries, including the U.S., U.K., Australia and Canada.”
eBay's Goldin collectibles brand runs a hit series on Netflix, a content-distribution tie-up.
“We launched WWE on Netflix in January 2025. Over the course of the first year of this 10-year deal, viewers streamed 525 million hours of content”
WWE's 10-year Netflix deal drove 525 million hours streamed in year one, with Raw a mainstay of Netflix's weekly top 10.
“As noted in our shareholder letter, management will not be taking questions regarding the Netflix transaction.”
WBD references an in-progress Netflix transaction as part of its strategic review, though management declined to discuss it on the call.
“In addition, 2K and Netflix are collaborating to bring WWE 2K exclusively to mobile devices this fall.”
Take-Two's 2K label is partnering with Netflix to bring WWE 2K exclusively to mobile devices via Netflix this fall, one of several distribution partnerships management says it evaluates based on consumer benefit.
“Just this week, we announced an exciting collaboration tied to Netflix hit film, KPop Demon Hunters.”
Hasbro struck a licensing collaboration with Netflix around KPop Demon Hunters, with product launching in 2026.
“we have one with NBCUniversal that includes DreamWorks Animation and Illumination”
Netflix has a Pay-1 deal with NBCUniversal (Comcast) covering DreamWorks Animation and Illumination films.
“We have a Pay-1 deal with Sony”
Netflix has a Pay-1 output deal with Sony for theatrical films.
“We license shows like Watson and Mayor of Kingstown from Paramount.”
Netflix licenses shows (Watson, Mayor of Kingstown) from Paramount, a content-licensing supplier relationship.
“Nielsen’s methodology change in the Gauge reporting is a change in how they calculate the national TV universe.”
Netflix downplays Nielsen's Gauge methodology change, saying it lowers reported streaming share without reflecting actual viewing behavior.
“With our acquisition of Interpositive, we think it accelerates our GenAI capability because it is proprietary technology created specifically for filmmakers and filmmaking, different from other GenAI video applications.”
Netflix acquired Interpositive, a proprietary GenAI filmmaking technology, to accelerate its generative-AI content capabilities.
“Running Point is produced by Warner Brothers for us.”
Warner Brothers produces the series Running Point for Netflix, a content-supplier relationship alongside the failed acquisition.
“For Warner Brothers specifically, even though we walked away from the deal, some of our initially planned costs for the deal will not fully materialize, but some that we were planning to carry into 2027 were pulled forward into 2026.”
Netflix walked away from its bid for Warner Brothers after deal cost exceeded net value, leaving WBD without the Netflix acquisition.
“And Instagram is coming next.”
Netflix flags Instagram (Meta) as the next platform entering the TV/video content space, extending the competitive set for viewer attention.
“Apple's competing for Emmys and Oscars.”
Netflix names Apple as a content competitor now competing for major awards, part of the broadening set of streaming/tech rivals.
“Amazon owns MGM.”
Netflix cites Amazon (owner of MGM) as part of the intensifying competitive landscape in TV and film content.
“YouTube has full name films. New episodes of scripted and unscripted TV shows. They have NFL football games. They have the Oscars.”
Netflix positions YouTube (Alphabet) as a formidable and growing competitor for viewing time now spanning films, scripted/unscripted TV, the NFL and the Oscars.
“We have a new slate of licensed titles from Paramount which is gonna bring a lot of new series and television shows that Netflix has never had around the world.”
Netflix has a new content-licensing slate from Paramount, a partner/supplier read-through for PSKY as a licensor of series and TV to Netflix globally.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Rich Greenfield | LightShed Partners | 9 (0%) |
| Vikram Kasturi | Robert W. Baird | 9 (0%) |
| Steve Cahall | Wells Fargo | 8 (0%) |
| Rob Fishman | MoffettNathanson | 8 (0%) |
| Ben Swinburne | Morgan Stanley | 5 (20%) |
| Jessica Reif Ehrlich | Bank of America | 4 (0%) |
| Dan Salmon | New Street Research | 4 (0%) |
| Justin Patterson | KeyBanc Capital Markets | 4 (0%) |
| Sean Diffley | Morgan Stanley | 3 (0%) |
| Doug Anmuth | JPMorgan | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Robert W. Baird | 1 | 9 (0%) |
| LightShed Partners | 1 | 9 (0%) |
| Morgan Stanley | 2 | 8 (13%) |
| MoffettNathanson |
Netflix delivered Q1 revenue growth of 16% with sustained double-digit growth and the advertising business scaling rapidly, as live sports drove outsized engagement and acquisition while the subscriber base exceeded 325 million members. Management reiterated FY2026 guidance of 12-14% revenue growth and 31.5% operating margin, with the advertiser base growing over 70% year-over-year to more than 4,000 advertisers and gaming expansion advancing through Playground and the kids strategy.
Product Launch | Revenue Growth | Competitive Dynamics | Demand | Innovation & R&D | Pricing | Subscriber Growth | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 4 | 5 | 4 | 2 | 2 | 3 | 2 |
| 2025Q1 | 2 | 5 | 2 | 5 | 4 | 3 | 2 | 2 |
| 2025Q2 | 7 | 5 | 4 | 2 | 4 | 3 | 1 | 2 |
| 2025Q3 | 6 | 5 | 5 | 4 | 3 | 2 | 2 | 3 |
| 2025Q4 | 1 | 2 | 2 | 3 | 2 | 1 | 1 | |
| 2026Q1 | 3 | 2 | 3 | 3 | 1 | 5 | 2 | |
| 2026Q2 | 4 | 2 | 3 | 5 | 2 | 4 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Product Launch | 4 | 2 | 7 | 6 | 1 | 3 | 4 |
| Revenue Growth | 4 | 5 | 5 | 5 | 2 | 2 | 2 |
| Competitive Dynamics | 5 | 2 | 4 | 5 | 2 | 3 | 3 |
| Demand | 4 | 5 | 2 | 4 | 3 | 5 | |
| Innovation & R&D | 2 | 4 | 4 | 3 | 3 | 2 | |
| Pricing | 2 | 3 | 3 | 2 | 2 | 1 | 4 |
| Subscriber Growth | 3 | 2 | 1 | 2 | 1 | 5 | 3 |
| Capital Allocation | 2 | 2 | 2 | 3 | 1 | 2 | 1 |
| 1 |
| 8 (0%) |
| Wells Fargo | 1 | 8 (0%) |
| KeyBanc Capital Markets | 1 | 4 (0%) |
| New Street Research | 1 | 4 (0%) |
| Loop Capital | 2 | 4 (25%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
NFLX Netflix, Inc. | 8 | +13.4% | |
| DIS The Walt Disney Company | 7 | +6.5% | |
| FOX Fox Corporation (Class B) | 5 | -8.6% | |
| LYV Live Nation Entertainment | 7 | +12.2% | |
| NWS News Corp (Class B) | 7 | +8.8% | |
| PSKY Paramount Skydance Corp | 6 | +2.2% | |
| TKO TKO Group Holdings | 8 | +25.9% | |
| WBD Warner Bros. Discovery | 4 | -0.8% |