Netflix reported $12.56 billion in Q2 2026 revenue, beating expectations, but Q3 guidance of $12.86 billion fell short of the $13 billion analysts wanted. The company will now release viewing-hours data only once a year instead of twice, giving investors less frequent insight into user engagement.
At about 4 PM yesterday, Netflix reported 2nd quarter earnings. On the surface, a solid quarter. Revenue of $12.56 billion, up 13 points, up 13.4% from a year ago. Net income of $3.4 billion. Earnings per share right in line with what Wall Street expected. But then came the guide for the 3rd quarter, and the market did not like it. Netflix projected roughly $12.86 billion in 3rd quarter revenue and diluted earnings per share of $0.82. Analysts had been looking for closer to $13 billion and $0.84. Netflix also said it will now report viewing hours only once a year instead of twice, a signal that the company is quietly narrowing the window investors get into engagement.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
