Achieved over 100 million streaming households and delivered an outstanding Q1, with strong execution on monetization initiatives and platform growth.
Net revenue for Q1 2026 was $1.25 billion, up 22% year-over-year, driven by strong growth in Advertising and Subscriptions, partially offset by a decline in Devices revenue.
Net income was $85.7 million, compared to a net loss of $27.4 million in Q1 2025, reflecting improved profitability and operational leverage.
Platform revenue (Advertising + Subscriptions) grew 28% year-over-year to $1.13 billion, while Devices revenue declined 16% to $117.6 million.
Streaming Hours increased 8% year-over-year to 38.7 billion, indicating higher user engagement.
Q1 EBITDA margins more than doubled year-over-year to nearly 12%, with adjusted EBITDA at $148.4 million, up from $56.0 million in Q1 2025.
Free cash flow reached $148 million for Q1 and $538.8 million for the trailing twelve months, with a margin near 16%.
Gross profit rose 27% year-over-year to $564.9 million, with Platform gross profit up 26%.
Advertising gross margin exceeded 60%, up over 400 basis points year-over-year, and is expected to remain at or above this level.
Subscription gross margin was just north of 40%, down due to mix shift but expected to stabilize at 41%-42%.
Q2 platform revenue expected to grow 20% year-over-year, with similar growth in subscriptions and advertising.
Full-year platform revenue guidance raised by over $100 million to nearly 21% growth.
EBITDA and EBITDA margin guidance increased; free cash flow expected to exceed adjusted EBITDA for the year.
Conservative outlook for H2 due to macro uncertainty and pending visibility into political ad spend.
Existing cash, investments, and undrawn credit facility are expected to meet capital needs for at least the next twelve months.
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Explore our global coverage