Netflix reported higher revenues and profit in the second quarter, with revenue rising 13% to $12.6 billion and net income up 9% to $3.4 billion. The company expects third-quarter revenue to grow 12% but lowered its 2026 revenue forecast to between $51 billion and $51.4 billion. Results were driven by recent price increases and growth in advertising revenue, which is expected to reach $3 billion this year. Executives sought to reassure investors about growth prospects amid concerns over declining U.S. TV viewing share, which fell to 7.8% in April, the lowest since May 2025, while YouTube's share rose to 13.4%. Netflix's stock has fallen 41% over the past year, closing at $74.35 a share on Thursday.
Netflix IncNetflix reported higher Q2 revenue and profit but lowered 2026 revenue forecast, causing mixed investor sentiment.