#nflx

Netflix $NFLX dropped more than 7% after Q2 revenue of $12.56B came in just under the $12.58B consensus and Q3 revenue guidance of $12.86B missed the $13B Street view. EPS of $0.80 beat by $0.01, but the narrower 2026 revenue outlook and a slower engagement disclosure cadence drove the stock reaction.

Netflix $NFLX fell 9% in extended trading even after Q1 revenue rose 16% to $12.25B, ahead of the $12.18B LSEG estimate. The selloff followed unchanged 2026 guidance, a $0.78 Q2 EPS forecast, and Reed Hastings saying he will leave the board in June.