Netflix Shares Fall 9% on Weaker Third-Quarter Guidance That Narrows Revenue Outlook
Netflix reported second-quarter results that matched revenue expectations and beat earnings-per-share estimates, but free cash flow fell to $1.53 billion, missing forecasts of $2.72 billion as higher cash tax payments weighed on results. The streaming service also issued third-quarter guidance projecting revenue of $12.86 billion and earnings of 82 cents per share, both trailing street estimates, while narrowing its full-year revenue outlook to $51.0 billion to $51.4 billion.
The downward-sloping growth trajectory triggered a nearly 9% decline in extended trading and underscored ongoing concerns about the company's expansion pace. Management noted that advertising revenue is on track to reach approximately $3 billion and artificial intelligence workflows will be deployed in roughly 300 titles this year. Netflix also announced it will shift its viewership report to an annual publication beginning in the first quarter of 2027 to refocus investor attention on financial metrics.
From the sources (23 posts)
@vestexchange$NFLX REPORTS Q2 2026 AFTER THE CLOSE Consensus is ~$12.58B in revenue (+13.5% YoY) and EPS of $0.79. Traders are watching Q3 revenue guidance, with softer engagement and recent price hikes in focus.
@zerohedge*NETFLIX SEES 3Q EPS 82C, EST. 84C *NETFLIX SEES 3Q OPER MARGIN 33.2%, EST. 33.5% And puke
@businessNetflix has been one of the worst stocks in the market over the past 12 months as concerns about its plans and prospects refuse to go away. Now, investors worry that its earnings report will confirm those fears.
@stockmktnewzNetflix $NFLX is about to report earnings after the close This is what my AI app @ralliesai says to watch out for
@stocksavvyshay$NFLX Q2 EARNINGS • Revenue $12.6B vs Est. $12.6B • EPS $0.80 vs Est. $0.79 • FCF $1.5B vs Est. $2.6B Q3 Guidance • Revenue $12.9B vs Est. $12.9B • EPS $0.82 vs Est. $0.84 • Operating Margin 33% vs. Est. 34% FY26 ad revenue is still expe
@stockmktnewzNETFLIX $NFLX JUST REPORTED EARNINGS EPS of $0.80 in line with expectations Revenue of $12.6B in line with expectations
@wallstengineNetflix reports Q2 earnings after the close. Street estimates: EPS: $0.86 Revenue: $12.58B Options are pricing in an ±8% post-earnings move. Here’s a full preview of $NFLX earnings from @PPLXfinance:
@cnbcHere's what to expect when Netflix reports earnings after the bell
@stocktwits$NFLX Q2 EARNINGS REV $12.6B vs Est. $12.6B EPS $0.80 vs Est. $0.79
@alphasenseincAlphaSense experts are saying that to sustain growth in mature markets like North America, $NFLX is aggressively pursuing new revenue streams and engagement formats. - Ad spend on the platform grew 15-30% year over year in Q2 2026 - Inte
@financialjuice$NFLX Netflix Q2 Earnings EPS $0.80, est. $0.79 Revenue $12.56B, est. $12.58B Free cash flow $1.53B, est. $2.72B Sees Q3 EPS $0.82, est. $0.84 Sees Q3 revenue $12.86B, est. $13.0B Sees Q3 operating income $4.27B, est. $4.36B Sees Q3 operat
@stockmktnewzNetflix's $NFLX forward guidance is slightly below expectations
@lucas_shawNetflix is going to stop reporting all its viewership figures twice a year. It will now do it once a year. It wants investors to focus on sales and profit instead of engagement.
@bulltheoryioBREAKING: Netflix falls to a 52-week low in after-hours trading. Netflix drops -9% in after-hours trading after reporting mixed earnings and weaker-than-expected Q3 guidance. - Q2 Revenue: $12.56B vs $12.58B expected (+13% YoY). - Q2 EPS
@brewmarketsNetflix stock falls 9% as third-quarter forecast misses Wall Street estimates.
@businessNetflix forecast a second consecutive quarter of slowing sales growth, results that will feed investor anxiety about the streaming giant’s future
@ftNetflix’s shares slide on disappointing growth forecasts
@lucas_shawShares in Netflix are now down almost 9% after-hours. Investors have digested the numbers and aren't thrilled. While sales, profit and engagement all increased, it wasn't enough to reverse the concern about slowing growth.
@zerohedgeNFLX FCF $1.53 billion, -33% y/y, est. $2.72 billion Are they building a data center too?
@wallstengineNETFLIX $NFLX Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $12.56B (Est. $12.59B) 🔴; +13% YoY 🔹 EPS: $0.80 (Est. $0.79) 🟢; +11% YoY 🔹 Oper Margin: 33.4%; -70 bps YoY 🔹 FCF: $1.53B (Est. $2.72B) 🔴; -33% YoY Q3’26 Guide: 🔹 Revenue: $12.86B (Est. $1
@kobeissiletterBREAKING: Netflix stock, $NFLX, falls -5% after reporting weaker than expected Q2 2026 earnings.
@cnbcNetflix reports earnings in line with expectations, says company will give fewer engagement updates
@firstsquawkNETFLIX Q2: EPS $0.80 (EST $0.79); REVENUE $12.56B (EST $12.58B); FREE CASH FLOW $1.53B (EST $2.72B); Q3 OUTLOOK: EPS $0.82 (EST $0.84), REVENUE $12.86B (EST $13.0B), OPERATING INCOME $4.27B (EST $4.36B), OPERATING MARGIN 33.2% (EST 33.5%);