Sep. 24 at 4:19 AM
$NFLX Netflix grew second-quarter revenue 13% and forecasts
$51.0–
$51.4 billion of 2026 revenue, a 31.5% operating margin, and roughly
$3 billion in advertising revenue. Those are solid results. The concern is slowing growth: its third-quarter revenue forecast is 11.7% growth, and first-half viewing hours rose only 2%. Recent analyst downgrades have focused on engagement and competition from YouTube; those are analyst judgments, not proof that subscribers are leaving.