Netflix reported mixed second-quarter 2026 results, beating earnings estimates by 1.3% but missing revenue expectations by 0.1%, triggering a 7.3% share price decline. The company bought back $4.7 billion of its shares during the quarter, its largest quarterly repurchase on record, while narrowing its full-year revenue guidance. Amid the pullback, exchange-traded funds offering diversified exposure to Netflix may appeal to investors, including the MicroSectors FANG+ ETN where Netflix accounts for roughly 9% of holdings, the Vanguard Communication Services Index Fund ETF Shares with a 4.21% weighting, and the FINQ FIRST U.S. Large Cap AI-Managed Equity ETF with a 4.37% allocation.
Netflix IncNetflix missed revenue expectations and narrowed full-year guidance, causing a 7.3% share price decline.