Netflix Plunges 8% After-Hours as Q2 Earnings Disappoint, Plans Fewer Viewing Reports

Netflix shares fell more than 8% in after-hours trading on July 16 following the release of second-quarter earnings. While the streaming giant's Q2 revenue of $12.56 billion and net income of $3.4 billion met analyst expectations, investors reacted negatively to the company's forward guidance.

The company disclosed plans to reduce the frequency of its "What We Watched" viewership report, shifting from quarterly releases to an annual publication starting in 2027. Netflix cited the move as an effort to refocus market attention on financial metrics during earnings season. The company reiterated its Q3 revenue growth outlook at 12% and narrowed its full-year 2026 revenue guidance to between $51 billion and $51.4 billion.