Netflix Shares Slide After 2Q Outlook Misses Wall Street's Expectations

Published: 2026-04-16 16:42:22 ET NFLX

Published on 04/16/2026 at 04:42 pm EDT

By Kelly Cloonan

Shares of Netflix declined after the streaming giant's outlook for the current quarter missed analyst expectations.

The stock fell 9% to $98.40 in after-hours trading on Thursday. Through market close, shares are up 15% year to date.

For the second quarter, the company forecast earnings per share of 78 cents on revenue of $12.57 billion. Analysts polled by FactSet had forecast earnings of 84 cents a share and revenue of $12.64 billion.

Netflix also backed its full-year guidance, and said it continues to expect content amortization growth to be weighted in the first half of the year, weighing on its operating margin in the second quarter.

Write to Kelly Cloonan at [email protected]

(END) Dow Jones Newswires

04-16-26 1641ET