Netflix posts Q2 2026 revenue of $12.6 billion, trims Q3 growth view to 11.7% as shares slide about 9% after hours
AI Market Summary
Netflix reported Q2 revenue of $12.6B (+13% YoY) and solid margins, but guided Q3 growth down to 11.7%, marking a third straight quarter of deceleration, triggering an ~9% after-hours drop. Record $4.7B buybacks and a growing advertising business (~$3B expected in 2026) offer support, yet the key takeaway for near-term pricing is slowing top-line momentum and tighter full-year guidance.
Impact level
● Medium
Affected assets
NCSKNETFLIX2USD/USDT+0.12%
AI Insight · NCSKNETFLIX2USD/USDTAI Insight
▼ Bearish
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Netflix reported Q2 2026 revenue of $12.6 billion, up 13% year over year, but cut its Q3 growth forecast to 11.7%, marking a third straight quarter of deceleration. The outlook shift sent the stock down about 9% in after-hours trading. The company also said it repurchased $4.7 billion of shares in Q2, a quarterly record, and expects advertising revenue to reach about $3 billion, roughly 6% of full-year revenue.
