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By Lucas Shaw
July 16, 2026 at 4:01 PM EDT
Updated on July 16, 2026 at 6:18 PM EDT
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Netflix Inc. forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations.
Shares fell as much as 9% in after-hours trading, compounding the company’s recent struggles on Wall Street. Netflix stock has declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results caused investors to worry that the leader in streaming has lost momentum.
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