Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.”
Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.”
But the company’s shares declined sharply in after-hours trading as the video streaming company’s forecast for the current quarter fell below Wall Street’s expectations.
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Netflix underwhelmed Wall Street with its second-quarter earnings report, though engagement grew modestly.
Netflix posted a slight Q2 2026 beat but guided third-quarter revenue below Wall Street, and the stock fell about 9% after hours.
Shares in the streaming giant fell as much as 9% in after-hours trading
Netflix reported earnings for the second quarter of 2026 as investors remain concerned over a slowdown in viewer engagement.
Netflix shares dropped 11% after Q2 2026 revenue of $12.56B missed expectations and Q3 guidance of $12.86B fell short of Wall…
Today's earnings were reported after the closing bell — and then the stock sunk some more.
