Netflix Beats Q1 Revenue but Weak Q2 Outlook Tanks Stock 8%

Netflix crushed Q1 expectations — then immediately killed the vibe. The streaming giant pulled in $12.3 billion in revenue, up 16% year-over-year and just above the $12.2 billion Wall Street was expecting. Net income hit a hefty $5.28 billion.

So why did the stock nosedive? The Q2 forecast. Netflix projected earnings per share below analyst estimates, and the market didn't take it well. Shares dropped more than 8% in after-hours trading.

It's a familiar pattern for Netflix: deliver solid current results, then watch the stock get punished over forward guidance. The company continues to print money, but investors want the growth story to stay aggressive quarter after quarter.

For now, Netflix remains a revenue machine — just one that briefly spooked the crowd with its crystal ball.