Operating
Change in content liabilities
Netflix Change in content liabilities increased by 561.6% to $45.22M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 111.0%, from -$411.25M to $45.22M. Over 4 years (FY 2021 to FY 2025), Change in content liabilities shows a downward trend with a 27.3% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026Apr 17, 2026
How to read this metric
An increase suggests the company is deferring cash payments, while a decrease indicates the company is paying down its content-related debt.
Detailed definition
This metric tracks the net change in obligations owed to content creators, studios, or production partners for content a...
Peer comparison
Comparable to accounts payable for content-heavy businesses.
Metric ID:
nflx_change_in_content_liabilitiesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$312.21M | -$29.25M | $840.39M | -$347.15M | $191.23M | $60.87M | $274.36M | -$354.79M | $46.12M | -$325.99M | $0.00 | -$189.44M | -$366.57M | -$83.59M | -$139.54M | -$411.25M | -$214.05M | $24.26M | -$9.80M | $45.22M |
| QoQ Change | — | +90.6% | >999% | -141.3% | +155.1% | -68.2% | +350.8% | -229.3% | +113.0% | -806.8% | +100.0% | — | -93.5% | +77.2% | -66.9% | -194.7% | +48.0% | +111.3% | -140.4% | +561.6% |
| YoY Change | — | — | — | — | +161.3% | +308.1% | -67.4% | -2.2% | -75.9% | -635.6% | -100.0% | +46.6% | -894.8% | +74.4% | — | -117.1% | +41.6% | +129.0% | +93.0% | +111.0% |
Range-$411.25M – $840.39M
CAGR-33.4%
Avg YoY Growth-61.9%
Median YoY Growth+41.6%
Change in content liabilities at Other Companies
Frequently Asked Questions
- What is Netflix's change in content liabilities?
- Netflix (NFLX) reported change in content liabilities of $45.22M in Q1 2026.
- How has Netflix's change in content liabilities changed year-over-year?
- Netflix's change in content liabilities increased by 111.0% year-over-year, from -$411.25M to $45.22M.
- What is the long-term trend for Netflix's change in content liabilities?
- Over 4 years (2021 to 2025), Netflix's change in content liabilities has grown at a 27.3% compound annual growth rate (CAGR), from $232.90M to -$610.84M.
- What does change in content liabilities mean?
- The net change in money owed to content providers for delivered media.