NFLX
FY2026 Q2 · Calendar Q3 2026
Netflix, Inc.
Netflix delivered Q2 2026 results that narrowly beat on EPS ($0.80 vs. $0.79 estimate) while slightly missing on revenue ($12.56B vs. $12.58B estimate). The company reaffirmed its full-year 2026 revenue growth guidance of 13-14% (FX-neutral ~12%), with content spend growing approximately 10% slower than revenue. Management highlighted live events as a key subscriber acquisition and ad-revenue driver, even as view-hour growth showed modest deceleration. The stock dropped 7.3% in the session following the report, with volume 2.8x baseline, before partially recovering 2.1% in subsequent sessions. The sell-off appears tied to concerns about view-hour softness and FX-neutral growth deceleration, despite management's confident tone and disciplined capital return of $4.7B in Q2 buybacks. Netflix's self-reported 45% global household penetration and 5% of TV view share underscore the long-term…
EPS surprise+1.3%
Market move-7.3%
