Netflix shares tumble 13% after weak sales forecast, hit 22-month low

Netflix shares plunged around 13% on Friday to a 22-month low of about USD 65 after the streaming company issued a muted third-quarter revenue outlook. The company reported Q2 revenue of USD 12.56 billion, up 13% year-on-year but marginally below analyst estimates, while net income rose to USD 3.40 billion from USD 3.13 billion a year earlier. Netflix narrowed its full-year 2026 revenue guidance to USD 51 billion to USD 51.4 billion and cited a relatively weak pipeline of original content during the first half of the year.