Netflix Q2 shows a decline in profits and a drop of over 7 per cent in stock prices

Netflix, in its Q2 press release on Thursday, projected Q3 income growth below Q2, resulting in a decline of over 7 per cent in stock prices on Friday, at $68.95, a six-month low. Despite the decline in operating profits over the same period, it is still higher than last quarter and its own projections. Analysts expect Netflix to have earned between $51 billion and $514 billion in 2026, an increase of 13.3 per cent over $45.18 billion in 2025. At the same time, Netflix Free Cash Flow (FCF) is expected to remain strong, although Q2 Free Cash Flows stand at $1,525 million, down from $2,267 million in the same period last year。