Netflix Reports Q2 2026 Revenue of $12.56 Billion, Missing Estimates
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Netflix reported second-quarter 2026 revenue of $12.56 billion, which is a 13% increase year over year. This growth was driven by membership increases, pricing adjustments, and higher ad revenue. The reported figure was below the $12.59 billion estimate from analysts.
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Why it matters
The results show continued revenue growth for the streaming service, supported by its ad tier and membership base. Despite the revenue increase, the company's stock fell more than 7% following the announcement due to a soft outlook. Netflix forecasts $12.86 billion for the third quarter of 2026.
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Who's involved
- NetflixAmerican subscription video on-demand streaming service
- Netflix, Inc.Formal corporate entity operating as a global streaming service
- CNBCAmerican news channel that reported the financial figures
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The entities involved
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Netflix
American subscription video on-demand over-the-top streaming service
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CNBC
American basic cable and satellite business news television channel
Related events
- Following a failed bid for Roku, Netflix is facing leadership turmoil, including the resignation of Reed Hastings and the appointment of a new Chairman.
- Netflix is trading at a discount to the S&P 500 as analysts compare its current phase to the early stages of the AI boom.
- CNBC reports on $187 million in AI ad spending.
- CNBC discussed current market trends, noting that US earnings are driving market fundamentals.
- Barclays, Goldman Sachs, and Needham lowered price targets or downgraded Netflix stock on October 22, 2026.