Netflix Q2 Highlights: Stock Dives on Guidance, What Investors Should Know

Streaming giant Netflix Inc (NASDAQ: NFLX ) reported second-quarter financial results Thursday after market close.

Here are the key highlights. • Netflix shares are approaching critical lows.

What’s going on with NFLX? Netflix Q2 Earnings Netflix reported second-quarter revenue of $12.56, up 13% year-over-year.

The revenue total missed a Street estimate of $12.59 billion, according to data Pro.

Revenue by region was broken down as follows: UCAN (U.S., Canada): $5.43 billion, +10% year-over-year EMEA (Europe, Middle East, Africa): $4.03 billion, +14% LATAM (Latin America): $1.58 billion, +21% APAC (Asia Pacific): $1.51 billion, +16% The company said its revenue was solid and that it is on track to meet its objectives for the year.

Second-quarter earnings of 80 cents per share beat a Street consensus estimate of 79 cents per share.

Netflix said it is delivering value to members and seeing strong engagement.

This includes view hours being up 2% year-over-year in the first half of 2026, despite being up against the Winter Olympics and World Cup.

The company highlights live programming to make up around 5% of its content spend for 2026 and around 1% of view hours.

Live events are said to account for six of the top 10 new member sign-up days over the past five years, with live events beginning only in 2023.

Advertising remains a key for the company, with Netflix on track to have over $3 billion in ad-related revenue for 2026.

The company said it’s seeing advanced U.S. upfront negotiations and the live events lineup is highlighted as seeing "strong interest." Read Also: Netflix Q2 Preview: Stock Hasn't Been This Cheap in 21 Months, But Analysts Are Growing Cautious What’s Next for Netflix Netflix is guiding for third-quarter revenue of $12.86 billion, up 12% year-over-year.

The company said the quarter is expected to see growth in memberships, pricing and advertising revenue.

The Street estimate for third-quarter revenue is $13.01 billion.

Third-quarter earnings per share are expected to be 82 cents versus a Street estimate of 84 cents.

Netflix narrowed its full-year revenue guidance from a prior range of $50.70 billion to $51.70 billion to a new range of $51.00 billion to $51.40 billion.

The Street estimate is $51.41 billion.

Netflix Stock Price Action Netflix stock is down 8% to $68.28 in after-hours trading on Thursday, versus a 52-week trading range of $70.86 to $127.75.

Read Also: Netflix Stock Plunges To 20-Month Low: Can Live Sports Replace ‘Stranger Things’ And ‘Squid Game’? Image via Shutterstock