Streaming giant Netflix Inc (NASDAQ:NFLX) reported second-quarter financial results Thursday after market close.
Here are the key highlights.
• Netflix shares are approaching critical lows. What’s going on with NFLX?
Netflix Q2 Earnings
Netflix reported second-quarter revenue of $12.56, up 13% year-over-year. The revenue total missed a Street estimate of $12.59 billion, according to data from Benzinga Pro.
Revenue by region was broken down as follows:
- UCAN (U.S., Canada): $5.43 billion, +10% year-over-year
- EMEA (Europe, Middle East, Africa): $4.03 billion, +14%
- LATAM (Latin America): $1.58 billion, +21%
- APAC (Asia Pacific): $1.51 billion, +16%
The company said its revenue was solid and that it is on track to meet its objectives for the year.
Second-quarter earnings of 80 cents per share beat a Street consensus estimate of 79 cents per share.
Netflix said it is delivering value to members and seeing strong engagement. This includes view hours being up 2% year-over-year in the first half of 2026, despite being up against the Winter Olympics and World Cup.
The company highlights live programming to make up around 5% of its content spend for 2026 and around 1% of view hours. Live events are said to account for six of the top 10 new member sign-up days over the past five years, with live events beginning only in 2023.
Advertising remains a key for the company, with Netflix on track to have over $3 billion in ad-related revenue for 2026. The company said it’s seeing advanced U.S. upfront negotiations and the live events lineup is highlighted as seeing “strong interest.”
What’s Next for Netflix
Netflix is guiding for third-quarter revenue of $12.86 billion, up 12% year-over-year. The company said the quarter is expected to see growth in memberships, pricing and advertising revenue.
The Street estimate for third-quarter revenue is $13.01 billion.
Third-quarter earnings per share are expected to be 82 cents versus a Street estimate of 84 cents.
Netflix narrowed its full-year revenue guidance from a prior range of $50.70 billion to $51.70 billion to a new range of $51.00 billion to $51.40 billion. The Street estimate is $51.41 billion.
Netflix Stock Price Action
Netflix stock is down 8% to $68.28 in after-hours trading on Thursday, versus a 52-week trading range of $70.86 to $127.75.
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