Netflix Q2 2026 revenue growth slows shares fall guidance misses
Netflix $NFLX shares fell about 8 percent after hours on Q2 revenue of 12.56 billion dollars, just short of estimates, and Q3 guidance below Wall Street expectations. The stock had already lost nearly 45 percent over the past year. Sources: CNBC, Variety
Netflix $NFLX shares fell about 8 percent in after-hours trading after the company reported second-quarter 2026 results on July 16. Revenue came in at 12.56 billion dollars, up 13.4 percent year over year but just short of the 12.58 billion dollar consensus, with earnings of 0.80 dollars per share and net income of 3.4 billion dollars, according to CNBC and the company's 8-K filing. Guidance drove the reaction: Netflix told investors to expect third-quarter revenue of 12.86 billion dollars and earnings of 0.82 dollars per share, below analyst expectations of 13 billion dollars and 0.84 dollars. The company also narrowed its full-year 2026 revenue forecast to between 51 and 51.4 billion dollars, from an earlier range of 50.7 to 51.7 billion dollars. Engagement is the other pressure point: members watched more than 97 billion hours in the first half of 2026, up just 2 percent year over year, and Netflix said it will provide fewer engagement updates going forward. The scale of the selloff reflects how much of the company's valuation rests on sustained double-digit growth; the stock had already lost nearly 45 percent over the past year before this report. Sources: cnbc.com, variety.com, SEC 8-K