How to Buy Netflix (NFLX) Stock from India
320M subscribers, $45B revenue, 43x P/E. Just reported Q1 earnings. Stock dropped 9%. Here is what happened and how to invest.
Netflix just reported Q1 2026 earnings that crushed estimates: EPS of $1.23 vs $0.66 expected, revenue of $12.25 billion vs $12.17 billion expected. Yet the stock dropped 9% after hours on soft Q2 guidance and co-founder Reed Hastings announcing his departure as board chairman.
At ~$97 per share, Netflix is 28% below its 52-week high. For Indian investors who have been watching from the sidelines, the question is whether this pullback is an entry point or a warning sign.
NFLX April 2026 Snapshot
The Investment Case for NFLX
Global streaming monopoly
320M+ paid subscribers across 190+ countries. No competitor has this global footprint. Netflix produces content in 50+ languages, including Hindi, Tamil, Telugu, and Korean.
Advertising tier scaling fast
The ad-supported plan launched in 2022 is growing rapidly. Advertising revenue provides a second growth engine alongside subscriptions, dramatically expanding the addressable market.
Q1 2026 earnings crushed estimates
EPS of $1.23 vs $0.66 expected (86% beat). Revenue $12.25B vs $12.17B expected. Operating margin expanding. The business fundamentals are accelerating.
Content as infrastructure
Netflix spends $17B+ annually on content. Squid Game, Wednesday, Stranger Things create cultural moments that no competitor can consistently replicate. Content library is a compounding moat.
"Netflix crushed Q1 earnings by 86%. The stock still fell 9%. Welcome to growth stock investing."
How to Buy Netflix from India
IFSCA Broker-Dealer (Recommended)
Valura's IFSCA-regulated platform. Buy NFLX on NASDAQ. IFSCA custody mitigates estate tax.
US-Linked Indian Platform
INDmoney, Vested, Groww. US custodian. Estate tax applies.
Direct US Brokerage
Interactive Brokers or Schwab. Self-managed compliance.
Cost Breakdown for Indian Investors
Before You Buy Understand the Risks
Stock dropped 9% post-earnings (Apr 16)
Despite beating Q1 estimates, NFLX fell 9% on soft Q2 guidance and Reed Hastings announcing he will not stand for re-election as chairman. Short-term volatility is elevated.
Valuation at 43x earnings
At $97/share and 43x P/E, Netflix is priced for continued growth. Any subscriber deceleration or margin compression gets punished. The stock dropped from $134 to $75 within 12 months previously.
Competition from YouTube, TikTok, gaming
Attention is the real competition, not just other streaming services. YouTube (free), TikTok (short-form), and gaming compete for the same hours.
US estate tax
NFLX is a US-situs asset. Holdings above $60,000 at death face up to 40% estate tax. Mitigate via IFSCA custody or UCITS ETFs.
Netflix Questions
Own the company that changed how the world watches.
Valura is an IFSCA-registered broker-dealer offering access to 1,00,000+ global securities including NFLX. Start from ₹10,000.