Q3 growth guidance of 11.7% is the lowest in at least five quarters; shares fell nearly 9% after the report
Flagship originals lose up to 85% of viewers in later seasons; K-drama 'Teach You a Lesson' on track to become Netflix's No. 2 Korean title after 'Squid Game'
Netflix's growth is visibly decelerating. On July 16, the company reported second-quarter 2026 revenue of $12.56 billion and net income of $3.4 billion — in line with Wall Street expectations — but guided to just 11.7% revenue growth for the third quarter, sending shares down nearly 9% in after-hours trading. It is the company's lowest quarterly growth forecast in at least five quarters.