Netflix Misses Revenue Estimate, Then Narrows What It Discloses
Shares sank to a two-year low after hours as Wall Street registered a forecast miss across every reported line.
- Q2 revenue reached $12.56 billion, up 13% year over year, just below the $12.59 billion estimate.
- Netflix will cut its "What We Watched" engagement report from twice yearly to once a year, starting 2027.
- NFLX shares dropped more than 7% in after-hours trading right after the letter posted.
Why it matters: Netflix now decides once a year how much the market gets to know about who is watching.
Netflix Q2 2026 Shareholder Letter (SEC Form 8-K Ex. 99.1) ↗ · Jul 16, 20267/16/26 · ✓ Checked✓ Check