Netflix revenue and profit increase, but the company expects growth to slow

The streamer said it would begin to release its viewership report annually, rather than twice a year

Posted Friday, July 17, 2026 9:40 am

Jessica Toonkel | The Wall Street Journal

Netflix said it expects revenue and profit gains to slow in the third quarter, exacerbating investor fears that the company’s growth is topping out.

Shares fell more than 8% in after-hours trading, after the company forecast revenue growth of 11.7% — its smallest year-on-year increase of any quarter since late 2023.

Netflix executives emphasized on a call with analysts Thursday that the company still has room for growth, noting that it only makes up 5% of TV market share globally. “We believe that we have lots and lots of runway ahead of us,” said Chief Financial Officer Spencer Neumann.

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Netflix revenue and profit increase, but the company expects growth to slow

The streamer said it would begin to release its viewership report annually, rather than twice a year

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