Netflix‘s second quarter 2026 revenue reached $12.56 billion, the streamer reported on Thursday. Its net income was $3.401 billion, which dilutes to 80 cents per share.
Wall Street predicted Netflix earnings per share (EPS) of 79 cents on revenue of $12.58 billion — both just a hair above what Netflix forecast for itself back in April.
Netflix guessed its Q2 revenue would come in at $12.574 billion. Internal estimates had the June quarter’s net income at $3.327 billion, which would dilute to 78 cents per share. At the time, the streamer highlighted how it will soon be leveraging new advancements in generative-AI to “improve the member experience” (and, almost certainly, the company’s monetization). Netflix also revealed its push into vertical video, which is underway. Price hikes boosted profits, and advertising — widely believed to be Netflix’s biggest future driver — continued its own growth.
Netflix is still licking its wounds some after losing an agreed-upon Warner Bros. acquisition to Paramount. The $2.8 billion breakup fee Netflix received, covered by Paramount, probably helped soften the blow a bit. Interestingly enough, Paramount Skydance’s own acquisition plans for the entirety of Warner Bros. Discovery have just recently hit a snag — more than one, really. There is mounting opposition to the mega-merger among the creative community as well as politicians. Perhaps Netflix will consider re-entering the chat, or maybe Ted Sarandos and Greg Peters shift their M&A focus to NBCUniversal, soon to separate from Comcast. Or Netflix will just stay the course — all questions for the 4:45 p.m. ET quarterly earnings conference call with media analysts.
