Netflix Inc. (NFLX) Q2 2026 (USD): EPS 0.80 (exp. 0.79), Revenue 12.6bln (exp. 12.58bln),

Guidance:

• Q3 revenue 12.86bln (exp. 13.01bln).
• Q3 EPS 0.82 (exp. 0.84).
• FY26 revenue 51-51.4bln (exp. 51.41bln).
• Continue to see FY26 operating margin of 31.5%

Commentary:

• 'What we watched' report to shift to annual publication in Q1 starting 2027.
• Continue to expect content amortization to grow slower in H2 and to increase about 10% for 2026.
• Q2 FCF USD 1.5bln included higher cash tax payments due in part to WBD termination fee.