Netflix Reports $3.4 Billion Net Profit for Second Quarter 2026
Netflix announced its financial results for the second quarter of fiscal year 2026, ending June 30, 2026. The company's net profit reached $3.401 billion, an 8.83% increase year-over-year.
Netflix released its financial results for the second quarter of fiscal year 2026, which concluded on June 30, 2026. The company reported a net profit of $3.401 billion, an increase of 8.83% compared to the same period last year.
Total revenue for the quarter grew by 13.37% to $12.56 billion, with all regions contributing double-digit growth. The net profit stood at $3.401 billion, and revenue reached $12.56 billion. The net profit showed an 8.83% increase, while revenue climbed 13.37%.
Operating cash flow decreased by 28.02% to $1.74 billion, and free cash flow saw a decline of 32.73% to $1.52 billion. The company repurchased $4.7 billion in stock during the second quarter, setting a new record for a single quarter's buyback. For the full year 2026, Netflix projects revenue to be between $51 billion and $51.48 billion.
Netflix is continuing to expand its content library and invest in artificial intelligence for production and advertising. The company is testing new subscription models and aims to enhance user engagement with its offerings.