NFLX Q2 EPS $0.80 vs. est. $0.79 (beat $0.01); revenue $12.56B vs. est. $12.59B (miss $30Mm, +13.4% YoY, +12% F/X neutral); UCAN $5.43B (+10
NFLX Q2 EPS $0.80 vs. est. $0.79 (beat $0.01); revenue $12.56B vs. est. $12.59B (miss $30Mm, +13.4% YoY, +12% F/X neutral); UCAN $5.43B (+10% YoY), EMEA $4.03B (+14% YoY, +11% F/X neutral), LATAM $1.58B (+21% YoY, +16% F/X neutral), APAC $1.51B (+16% YoY, +18% F/X neutral); FCF $1.53B (Q2'25: $2.3B, lower due to higher cash taxes incl. WBD termination fee); Q3 outlook: revenue $12.86B vs. est. $13.01B (+12% YoY, +11% F/X neutral), oper. margin 33.2%, EPS $0.82 vs. est. $0.84; FY26 revenue narrowed to $51.0B-$51.4B vs. est. $51.41B (+13%-14% YoY, ~12% F/X neutral), oper. margin 31.5% maintained, ads revenue ~$3B (~2x YoY), FCF ~$12.5B, content amortization +~10% YoY (slower in H2); $1B debt maturing to be refinanced; Q2 buybacks $4.7B (largest quarter ever), $27.1B auth. remaining; shares -4.4%
NFLX Q2 EPS $0.80 vs. est. $0.79 (beat $0.01); revenue $12.56B vs. est. $12.59B (miss $30Mm, +13.4% YoY, +12% F/X neutral); UCAN $5.43B (+10% YoY), EMEA $4.03B (+14% YoY, +11% F/X neutral), LATAM $1.58B (+21% YoY, +16% F/X neutral), APAC $1.51B (+16% YoY, +18% F/X neutral); FCF $1.53B (Q2'25: $2.3B, lower due to higher cash taxes incl.
WBD termination fee); Q3 outlook: revenue $12.86B vs. est. $13.01B (+12% YoY, +11% F/X neutral), oper. margin 33.2%, EPS $0.82 vs. est. $0.84; FY26 revenue narrowed to $51.0B-$51.4B vs. est. $51.41B (+13%-14% YoY, ~12% F/X neutral), oper. margin 31.5% maintained, ads revenue ~$3B (~2x YoY), FCF ~$12.5B, content amortization +~10% YoY (slower in H2); $1B debt maturing to be refinanced; Q2 buybacks $4.7B (largest quarter ever), $27.1B auth. remaining; shares -4.4%