Netflix, unperturbed by the collapse of an agreement to acquire the streaming and studios assets from Warner Bros Discovery, has broken more records in Q1 2026. While many Netflix investors are relieved by the outcome from a financial perspective, given the stellar Q1 results, the content provider will be under increasing pressure to find alternative sources to accelerate its content spend and diversify its existing IP portfolio. Netflix reported a quarterly high revenue of $12.25 billion, above internal forecasts due to price hikes and new subscribers. Netflix no longer reports subscriber numbers as an operational metric, but Faultline is continuing to track the company’s subscriber growth based on calculated estimates (see attached graph). Laughing all the way to the bank,…