Netflix Q2 Revenue Matches Projections, Shares Fall Post-report
WHO:
Deadline - Netflix Co-CEOs Ted Sarandos and Greg Peters addressed M&A rumors during the second-quarter earnings interview.
CNBC - Netflix, a streaming giant, is involved in the reported financial results.
WHAT:
Yahoo Finance - Netflix's stock declined by over 9% in extended trading following a disappointing third-quarter revenue forecast.
Fast Company - Netflix's stock has fallen more than 11% in premarket trading following the earnings report.
Fast Company - Netflix's revenue growth was attributed to increased ad revenue, membership growth, and pricing.
Fast Company - Netflix's revenue forecast for 2026 has been narrowed from between $50.7 billion and $51.7 billion to between $51 billion and $51.4 billion.
Fast Company - Netflix's revenue forecast for 2026 has been narrowed from between $50.7 billion and $51.7 billion to between $51 billion and $51.4 billion.
Fast Company - Netflix's cheapest subscription option (standard with ads) now costs $8.99 per month following a price hike in late March.
Fast Company - Netflix CFO Spencer Neumann stated that the price adjustments are “going well.”
Fast Company - Netflix's stock has fallen more than 41% year-over-year and over 20% year-to-date.
Fast Company - Netflix's revenue forecast for 2026 has been narrowed from between $50.7 billion and $51.7 billion to between $51 billion and $51.4 billion.
Fast Company - Netflix's cheapest subscription option (standard with ads) now costs $8.99 per month following a price hike in late March.
Fast Company - Netflix co-CEO Greg Peters stated, "There is not a linear relationship between view hours and revenue and profit because all hours are not created equal," during the post-earnings call.
Fast Company - Peters noted that six of the company’s top 10 new signup days over the last five years have followed live events.
Yahoo Finance - Netflix's stock declined by over 9% in extended trading following a disappointing third-quarter revenue forecast.
Deadline - Netflix will only release one engagement report each year starting in Q1 2027, shifting from biannual reports.
Variety - The latest "What We Watched" report revealed "War Machine" as the most-watched film during the first half of 2026.
Deadline - Sarandos stated that Netflix is considering strategic partnerships and may explore launching FAST channels.
Variety - Netflix will stop releasing viewership data every six months and will shift to providing one annual report beginning in 2027.
Variety - The latest version of Netflix's "What We Watched" report, covering viewership habits from January to June 2026, was released alongside the quarterly earnings results.
Variety - "War Machine" was revealed as the most-watched film in the latest viewership report.
CNBC - Netflix reported second-quarter revenue of $12.56 billion, which is a 13% increase year over year.
Variety - Netflix's net income for the second quarter was $3.4 billion, translating to 80 cents per share.
CNBC - The reported revenue was slightly below the estimated $12.59 billion.
CNBC - Following the report, Netflix's stock dropped over 7% in after-hours trading.
Variety - Netflix indicated it will provide fewer engagement updates starting in 2027.
Fast Company - Netflix's revenue forecast for 2026 has been narrowed from between $50.7 billion and $51.7 billion to between $51 billion and $51.4 billion.
Fast Company - Netflix's cheapest subscription option (standard with ads) now costs $8.99 per month following a price hike in late March.
Fast Company - Netflix co-CEO Greg Peters stated, "There is not a linear relationship between view hours and revenue and profit because all hours are not created equal," during the post-earnings call.
Fast Company - Peters noted that six of the company’s top 10 new signup days over the last five years have followed live events.
Yahoo Finance - Netflix's stock declined by over 9% in extended trading following a disappointing third-quarter revenue forecast.
Deadline - Netflix will only release one engagement report each year starting in Q1 2027, shifting from biannual reports.
Variety - The latest "What We Watched" report revealed "War Machine" as the most-watched film during the first half of 2026.
Deadline - Sarandos stated that Netflix is considering strategic partnerships and may explore launching FAST channels.
Variety - Netflix will stop releasing viewership data every six months and will shift to providing one annual report beginning in 2027.
Variety - The latest version of Netflix's "What We Watched" report, covering viewership habits from January to June 2026, was released alongside the quarterly earnings results.
Variety - "War Machine" was revealed as the most-watched film in the latest viewership report.
CNBC - Netflix reported second-quarter revenue of $12.56 billion, which is a 13% increase year over year.
Variety - Netflix's net income for the second quarter was $3.4 billion, translating to 80 cents per share.
CNBC - The reported revenue was slightly below the estimated $12.59 billion.
CNBC - Following the report, Netflix's stock dropped over 7% in after-hours trading.
Variety - Netflix indicated it will provide fewer engagement updates starting in 2027.
WHEN:
Variety - The financial results pertain to the second quarter of 2026.
Variety - The financial results pertain to the second quarter of 2026.
WHY:
Fast Company - The shift to annual reports is part of Netflix's goal to keep the focus on primary financial metrics—revenue and operating profit.
Fast Company - The shift to annual reports is part of Netflix's goal to keep the focus on primary financial metrics—revenue and operating profit.
Deadline - The comments were made in response to questions about potential mergers and acquisitions involving companies like Lionsgate or NBCUniversal.
Variety - Investors are concerned that Netflix's viewer-engagement metrics are declining.
Deadline - The comments were made in response to questions about potential mergers and acquisitions involving companies like Lionsgate or NBCUniversal.
Variety - Investors are concerned that Netflix's viewer-engagement metrics are declining.
HOW:
Fast Company - Netflix will provide fewer engagement updates starting in 2027, shifting from biannual reports to one annual report.
CNBC - The revenue increase was reported as being in line with analyst estimates.
CNBC - The revenue increase was reported as being in line with analyst estimates.
(UPDATED July 17, 2026 20:21 UTC)
Netflix's stock took a significant hit, declining by over 9% in extended trading and more than 11% in premarket trading after a disappointing third-quarter revenue forecast. The company has narrowed its revenue forecast for 2026 to between $51 billion and $51.4 billion, reflecting a shift in focus to primary financial metrics like revenue and operating profit. Starting in 2027, Netflix will also provide fewer engagement updates, moving from biannual reports to a single annual report.
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(UPDATED July 17, 2026 19:19 UTC)
Netflix has revised its revenue forecast for 2026, narrowing it from a range of $50.7 billion to $51.7 billion down to between $51 billion and $51.4 billion. The company’s cheapest subscription option, the standard with ads plan, now costs $8.99 per month following a price increase in late March, and CFO Spencer Neumann noted that these price adjustments are “going well.” Despite these changes, Netflix's stock has dropped more than 41% year-over-year and over 20% year-to-date, as the company shifts to annual reports to emphasize key financial metrics like revenue and operating profit.
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(UPDATED July 17, 2026 15:24 UTC)
Netflix has narrowed its revenue forecast for 2026 to between $51 billion and $51.4 billion, while the company's stock fell over 9% in extended trading following a disappointing third-quarter revenue outlook. Co-CEO Greg Peters highlighted that view hours do not directly translate to revenue, noting that six of the company's top ten new signup days in the past five years coincided with live events. Additionally, Netflix will shift to releasing only one engagement report each year starting in Q1 2027, moving away from its previous biannual updates.
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(UPDATED July 17, 2026 14:27 UTC)
Netflix has revised its revenue forecast for 2026, narrowing it from a range of $50.7 billion to $51.7 billion down to between $51 billion and $51.4 billion. The streaming giant's cheapest subscription option, the standard plan with ads, now costs $8.99 per month after a price increase in late March. During a recent post-earnings call, co-CEO Greg Peters highlighted that six of the company’s top ten new signup days in the past five years have occurred after live events, emphasizing that view hours do not directly correlate with revenue and profit.
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(UPDATED July 17, 2026 10:30 UTC)
Netflix's stock took a hit, dropping by over 9% in extended trading after the company released a disappointing revenue forecast for the third quarter. This decline was reported by Yahoo Finance at 21:21 UTC. Investors are reacting to the news as they assess the company's financial outlook.
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(UPDATED July 17, 2026 00:19 UTC)
Netflix has announced that starting in the first quarter of 2027, the company will shift to releasing only one engagement report each year instead of its current biannual schedule. In related news, the latest "What We Watched" report from Variety has identified "War Machine" as the most-watched film during the first half of 2026. This change in reporting frequency marks a significant shift in how Netflix shares its viewership data with the public.
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(UPDATED July 16, 2026 23:16 UTC)
Netflix Co-CEOs Ted Sarandos and Greg Peters recently addressed rumors about mergers and acquisitions during their second-quarter earnings interview. Sarandos mentioned that the company is contemplating strategic partnerships and may look into launching FAST channels. These remarks came in response to inquiries about potential deals involving companies such as Lionsgate or NBCUniversal.
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(UPDATED July 16, 2026 22:20 UTC)
Netflix has announced that starting in 2027, it will transition from releasing viewership data every six months to providing just one annual report. The latest "What We Watched" report, which covers viewership habits from January to June 2026, was released alongside the company's quarterly earnings results. In this report, "War Machine" emerged as the most-watched film during that period.
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(UPDATED July 16, 2026 21:21 UTC)
Netflix has reported its second-quarter revenue for 2026 at $12.56 billion, marking a 13% increase from the previous year, though it fell slightly short of the estimated $12.59 billion. The streaming giant also announced a net income of $3.4 billion, which translates to 80 cents per share, but following the news, its stock dropped over 7% in after-hours trading. Additionally, Netflix plans to provide fewer engagement updates starting in 2027, raising concerns among investors about declining viewer metrics.