Netflix falls on soft Q3 guidance after Q2 revenue miss
Netflix shares trade lower after the company reported second-quarter revenue of $12.56 billion versus $12.59 billion expected and guided third-quarter revenue to $12.86 billion versus $13.01 billion expected.
Netflix Inc. (NASDAQ: NFLX ) stock traded lower on Monday as structural headwinds from its second-quarter guidance continued to depress the share price. The decline comes despite a brief lift last Thursday following disclosures from Pershing Square Capital Management. 7%.
• Netflix stock is facing resistance. Why is NFLX stock retreating? 15 million shares. 9% of Pershing Square’s portfolio.
Ackman previously exited Netflix in 2022 with a $400 million loss after purchasing over $1 billion in stock at $400 per share and selling at $225 per share. 59 billion despite rising 13% year-over-year. 51 billion (+16%). Earnings per share came in at 80 cents, beating the Street estimate of 79 cents.
View hours grew 2% year-over-year in the first half of 2026. Live programming accounted for 5% of 2026 content spend and 1% of view hours, while ad-related revenue remains on track to top $3 billion for 2026. Soft Guidance Triggers Pressure Market sentiment remains tied to conservative forward guidance. 01 billion.
Expected third-quarter earnings of 82 cents per share also lag behind the Street consensus of 84 cents. 41 billion. 04). That "short-term bounce inside a longer-term downtrend" setup often creates choppy tape, especially with the 20-day SMA still below the 50-day SMA (a bearish alignment).
49 at the time of publication on Monday, according to Pro data. Read Also: 'Big Short' Investor Steve Eisman Says AI Has an 'Achilles' Heel' — But It's Too Early to Short the Boom Image via Shutterstock