Netflix Inc. (NASDAQ: NFLX) has been one of the weakest large-cap media and technology stocks over the past year, with shares still sharply lower in 2026 heading into its Q2 earnings report. Investors who hoped the report would reverse that trend may have to wait. NFLX sold off after delivering a mixed report.
Netflix delivered a slight beat on adjusted earnings per share (EPS), with 80 cents per share coming in a penny above the estimate for 79 cents. But revenue of $12.56 billion came in slightly below the $12.58 billion expected.