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Netflix shares rise slightly ahead of second-quarter earnings
Wall Street is looking for second-quarter revenue of about $13.0 billion, with EPS projected to climb 10% to 79 cents.
Netflix shares edged higher before the company’s second-quarter results, which are set to be released after the closing bell. LiveMint Markets reported the stock was up 0.4% to $74.00 at 1:28 p.m. EDT, even as investors continued to weigh concerns about growth and competitiveness in streaming.
Analysts expect the quarter to bring revenue of about $13.0 billion, which would represent about a 14% year-over-year increase, and EPS of 79 cents, implying a 10% rise. The figures are viewed as a fresh read on subscriber growth, user engagement, and Netflix’s ability to navigate a more crowded streaming market.
The backdrop remains challenging. LiveMint Markets noted Netflix has fallen roughly 31% since mid-April, when it delivered disappointing guidance and said co-founder and executive chairman Reed Hastings would step down. The stock is also down about 45% from its June 30, 2025, all-time high, wiping out nearly $257 billion in market value.
Even so, valuation is less of a deterrent than it has been at other points. The stock trades around 20 times projected earnings for the next 12 months, below its 10-year average forward price-to-earnings multiple of 51, according to LiveMint Markets, but concerns about engagement and competition continue to pressure sentiment.