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Here's What Key Metrics Tell Us About Netflix (NFLX) Q2 Earnings

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For the quarter ended June 2026, Netflix (NFLX - Free Report) reported revenue of $12.56 billion, up 13.4% over the same period last year. EPS came in at $0.80, compared to $0.72 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $12.57 billion, representing a surprise of -0.1%. The company delivered an EPS surprise of +1.27%, with the consensus EPS estimate being $0.79.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Netflix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- United States and Canada (UCAN): $5.43 billion versus $5.5 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.
  • Revenue- Latin America (LATAM): $1.58 billion compared to the $1.5 billion average estimate based on six analysts. The reported number represents a change of +21.2% year over year.
  • Revenue- Asia-Pacific (APAC): $1.51 billion versus the six-analyst average estimate of $1.52 billion. The reported number represents a year-over-year change of +15.7%.
  • Revenue- Europe, Middle East and Africa (EMEA): $4.03 billion versus $4.04 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14% change.

View all Key Company Metrics for Netflix here>>>

Shares of Netflix have returned -4.3% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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