NFLX Stock Tumbles Overnight After Guidance Dismay – CFO Says Global Growth Story Is Far From Over

Netflix stock dropped over 8% after hours as Q3 guidance missed estimates, with EPS expected at $0.82 and revenue at $12.86 billion versus $0.84 EPS and $13 billion consensus. CFO Spencer Neumann defended the outlook, noting Netflix captures only about 7% of its estimated $670 billion addressable revenue market across 800 million households and just 5% of global TV view share.

Why it matters: For full-year 2026, Netflix raised its revenue outlook to $51–51.4 billion from a prior $50.7–51.7 billion range, attributing Q2 choppiness to last year's back-half weighted growth pattern.