Netflix shares dropped in after-hours trading Thursday after the streaming giant reported lackluster results for the second quarter. Shares, which have already fallen nearly 45% over the past year, shed 9% after the close of trading as investors processed the earnings report.
Netflix (NFLX) closed Thursday's trading session just above its 52-week lows, and trading was choppy after hours after the streaming giant released earnings. EPS beat but revenue missed expectations, and Netflix missed expectations on both fronts when it came to guidance.
Netflix posted mixed earnings results in the second quarter. Engagement grew slightly, which had been a key focus for Wall Street.
The company said it would begin to release its viewership report annually, rather than twice a year.
Netflix is set to report earnings after the closing bell later today, with the streaming giant's stock seen potentially hitting its lowest point in nearly two years following the results.
Netflix reports second-quarter earnings after the bell on Thursday. Investors will be focused on engagement metrics for the streaming giant's programming, as well as further updates on the progress of its ad-supported tier.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) reports second quarter earnings tonight, and two major brokerages are sticking with their bullish calls even as the stock has struggled this year. Shares were little changed Thursday at $73.50, but that stability masks a rough 2026 for Netflix investors: the stock has fallen more than 20% year-to-date.
Netflix (NASDAQ:NFLX | NFLX Price Prediction) is becoming a media conglomerate.
Visible Alpha consensus is expecting $12.6 billion in revenue for Q2 and $51.3 billion for FY 2026. Consensus expects the operating margin to be 33% in Q2 and to be 32% for FY 2026, down from earlier expectations of 33% due to assumptions about higher expenses. According to consensus, analysts now expect the company to generate the 32% margin, on expected revenue of $51.4 billion and $16.3 billion in operating profit in FY 2026.
Netflix is in regrouping mode heading into its second-quarter earnings reveal – a very familiar place for the company. The streaming giant, which will report financials Thursday afternoon after the close of trading, has already signaled that the quarter is unlikely to be a barnburner.
Netflix reports Q2 2026 earnings after the close on July 16, 2026, and the stock heads into the earnings report at prices most investors never expected to see again.
Netflix reports quarterly earnings on Thursday. The streaming platform's stock has dropped more than 40% over the past year.