Netflix Q2 Miss Sparks 8% Share Drop

Netflix forecast Q2 2026 EPS $0.78 and revenue $12.57 bn, both below Wall Street consensus, causing >8% after‑hours share plunge.
Q1 2026 results beat expectations with EPS $1.23 and revenue $12.25 bn, up 16.2% YoY and 14% FX‑neutral.
Chairman Reed Hastings announced he will not seek re‑election and will exit Netflix after 29 years to focus on philanthropy.
Netflix projects 2026 revenue $50.7‑$51.7 bn, operating margin 31.5%, and advertising revenue to reach $3 bn, double last year.