**Netflix Q2 2026 Report: Revenue Matches Estimates Amid Stock Decline**
Netflix (NASDAQ: NFLX) reported Q2 revenue of $12.56 billion and earnings per share (EPS) of $0.80, both in line with or slightly above market expectations. Despite the solid financials, shares fell as much as 12.2%, later stabilizing at a 9.1% decline on Friday morning following the news that Netflix will shift to an annual engagement data report starting in 2027, raising concerns among investors about a lack of visibility into viewer metrics.
Looking at the numbers, Netflix’s operating income growth is tracking over 20%, and viewing hours increased by 2% in the first half of the year. However, Q3 guidance fell below Wall Street consensus. Shares are currently down 46% from their 52-week high, trading at approximately 21 times trailing earnings, suggesting a significant decline in investor confidence despite Netflix’s ongoing revenue growth and margin expansion.
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