Netflix, Inc. (NFLX) Earnings Call Summary — June 2026 quarter
Netflix is the world's largest paid streaming service, making and licensing shows and movies for ~300M subscribers.
Netflix, Inc. (NFLX) reported its June 2026 quarter results on July 16, 2026. Earnings per share came in at $0.80 against a $0.79 consensus, so the company beat on the bottom line. Revenue of $12.56B landed below the $12.58B estimate. NFLX has beaten consensus EPS in 5 of its last 6 scored quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Analyst, Wells Fargo: “What is the main driver of FX neutral revenue growth slowing from 12% year over year in Q2 to 11% year over year as the guidance for the third quarter suggests?”
CFO: “We are guiding, as you say, to 12% revenue growth in Q3 reported, 11% FX neutral.”
Analyst, Loop Capital Markets: “Can you help investors understand what internal metrics provide confidence and how these translate into lower churn, pricing power, higher ads monetization, etcetera.”
Co-CEO: “I will start by saying there is not a linear relationship between view hours and revenue and profit, because all hours are not created equal.”
Analyst, Wells Fargo: “His question is, amortization for content growth is accelerating in 2026.”