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."
Read Also: Netflix Q2 Preview: Stock Hasn't Been This Cheap in 21 Months, But Analysts Are Growing Cautious
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.
Read Also: Netflix Stock Plunges To 20-Month Low: Can Live Sports Replace ‘Stranger Things’ And ‘Squid Game’?
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