Netflix (NASDAQ:NFLX) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Posted by George Bondi on Jul 18th, 2026

Netflix (NASDAQ:NFLX – Get Free Report) posted its earnings results on Thursday. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01, FiscalAI reports. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.83%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share.

Here are the key takeaways from Netflix’s conference call:

Netflix said it is tracking to its 2026 financial plan, guiding to 13%-14% full-year revenue growth and citing healthy membership acquisition, retention, pricing, and ads trends.
Management emphasized that engagement quality matters more than raw hours, pointing to live events, content variety, and quality as drivers of acquisition, retention, and ad monetization. They said view hours still grew 2% in the first half of 2026.
The company highlighted a strong content slate, including hits like “I Will Find You,” “Swapped,” “Teach You a Lesson,” and regional titles such as “The Polygamist” and “Rosario Tijeras,” while noting disciplined content spending growth of about 10% this year.
Netflix said its ad tier monetization is improving as the gap versus the standard plan narrows, helped by more demand sources, better ad tech, additional ad products, and improved measurement and fill rates.
Management reiterated a strong innovation pipeline in live events, video podcasts, games, and GenAI tools, saying these initiatives are showing early traction and can expand engagement, improve production efficiency, and support future growth.

Netflix Stock Performance

Shares of NFLX stock opened at $68.95 on Friday. The firm has a market cap of $290.33 billion, a PE ratio of 21.70, a P/E/G ratio of 0.95 and a beta of 1.52. The company’s fifty day simple moving average is $80.15 and its 200-day simple moving average is $86.90. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix has a 12 month low of $65.08 and a 12 month high of $126.71.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the transaction, the director directly owned 3,940 shares in the company, valued at $366,932.20. The trade was a 99.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 899,839 shares of company stock worth $80,141,661. Corporate insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently made changes to their positions in NFLX. Pacific Sun Financial Corp grew its stake in shares of Netflix by 1.6% during the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock worth $688,000 after acquiring an additional 9 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 9.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after purchasing an additional 10 shares during the last quarter. Monograph Wealth Advisors LLC raised its position in shares of Netflix by 1.8% in the 2nd quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock valued at $913,000 after purchasing an additional 12 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in Netflix by 2.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network’s stock worth $1,110,000 after purchasing an additional 16 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its stake in Netflix by 1.4% in the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network’s stock worth $2,009,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NFLX shares. President Capital lifted their price target on Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. UBS Group decreased their price objective on Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday. Sanford C. Bernstein set a $95.00 target price on shares of Netflix and gave the stock an “outperform” rating in a report on Friday. Stephens started coverage on Netflix in a report on Friday. They set an “overweight” rating for the company. Finally, KeyCorp reaffirmed an “overweight” rating and set a $92.00 price objective (down from $115.00) on shares of Netflix in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.97.

Read Our Latest Stock Report on NFLX

Key Netflix News

Here are the key news stories impacting Netflix this week:

Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning

Netflix Company Profile

(Get Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

Featured Stories

Earnings History for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.