EarningsQ2 2026 Earnings Report
MX:NFLX Q2 2026 EPS Results
Actual EPS$14.53
Consensus EPS$14.27
Beat/MissBeat by +$0.25
One Year Ago EPS$13.06
MX:NFLX Q2 2026 Revenue Results
Actual Revenue$228.96B
Expected Revenue$228.48B
Beat/MissBeat by +$479.53M
YoY Revenue Growth+13.41%
Earnings Announcement Details
QuarterQ2 2026
Date07/16/2026
TimeAfter Close
Conference CallThursday, July 16, 2026
MX:NFLX Upcoming Earnings
Netflix's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:NFLX Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Q2 2026
Earnings Call Date:Jul 16, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasized solid top-line guidance, clear early traction across new product areas (live events, ads, cloud gaming, GenAI-driven production), strong capital return via a record share repurchase, and continued disciplined content investment. Headwinds include modest growth in aggregate view hours, accelerating content expense, an existing ad-tier monetization gap, and short-term quarter-to-quarter variability. Overall the positives — revenue guidance, retention, ad and gaming monetization progress, GenAI efficiencies, and substantial buybacks — outweigh the described challenges.Company Guidance
Strong 2026 Top-Line Guidance
Company guided to Q3 reported revenue growth of 12% year-over-year (11% FX-neutral) and reiterated full-year 2026 top-line growth of 13–14% (roughly 12% FX-neutral), representing about $6 billion of incremental revenue year-over-year.
Membership and Pricing Momentum
Management reported healthy acquisition and retention trends, noting recent price adjustments are performing as expected in markets like the U.S., Mexico and Spain with no material change in receptivity; emphasized industry-leading retention and attractive entry price points (ads plan at $8.99 in the U.S.).
Live Events Driving Acquisition and Monetization
Live programming (≈5% of content budget) is a high-acquisition, high-monetization tool: 6 of the top 10 new-member signup days in the last 5 years came from live events. Recent live content examples include the Kevin Hart roast and MLB Home Run Derby.
Content Slate Performing Globally
Multiple local and global hits cited (e.g., film 'I Will Find You', animated 'Swapped', K-drama 'Teach You a Lesson', South African series 'The Polygamist', 'Rosario Tijeras' renewal), highlighting travelability of local originals and continued positive slate performance.
Ad Monetization Progress
Ad-tier ARM gap vs. standard tier is narrowing due to expanded demand sources, in-house ad tech, additional ad products and measurement—management sees this as near-term unrealized revenue upside that they are actively closing.
Gaming and Interactive Growth Signals
Cloud gaming showing strong early traction (FIFA and Unhinged were top cloud-game debuts); monthly cloud-game players increased 11x since October and adoption outpacing mobile-game ramp, while kids/mobile gaming showed notable growth (kids mobile games up ~600% year-over-year; Netflix Playground daily players 3x since launch).
GenAI Driving Production Efficiency
GenAI workflows used across ~300 titles, primarily in post production; example 'American Experiment' used 17 minutes of AI-enhanced footage produced ~2x faster at ~half the prior cost, enabling higher-quality output and faster timelines.
Capital Allocation and Share Repurchase
Company repurchased $4.7 billion of shares in Q2 (largest quarter of buybacks in company history) and maintains ~ $27 billion of remaining repurchase authorization while reiterating a build-first M&A posture and strong liquidity.
Scale and Strategic Partnerships
Scale metrics highlighted: ~330 million subscription households, <45% household penetration of ~800 million addressable households, ~5% global TV view share and an estimated $670 billion addressable revenue market; early TF1 integration in France (4 weeks) performing promisingly to enhance local content offering.
MX:NFLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed