Episode 98: Netflix Slides 9% on Mixed Q2, WBD Hangover Lingers
Netflix reported mixed Q2 2026 earnings — revenue of $12.56B missed consensus by $20M, earnings of $0.80/share beat by a penny — and the stock dropped 9% in after-hours trading, extending a year-to-date decline of 21% to an 18-month low. The results are landing against a backdrop of mounting scrutiny over engagement metrics, a failed bid for Warner Bros. Discovery, and a pointed acknowledgment in the company's own shareholder letter that view hours are no longer the complete measure of value. Key Takeaways: Q2 revenue came in at $12.56B vs. the $12.58B consensus; earnings of $0.80/share beat…
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