Streaming giant Netflix fall more than 10% after revenue fell short of estimates

Netflix forecast third-quarter revenue of $12.86 billion and diluted EPS of 82 cents

EPS: $0.80 vs. $0.79 Expected

Revenue: $12.56B vs. $12.58B Expected

Earnings weren't great, numbers were pretty underwhelming ngl. IMO they really need to push harder into live events especially sports like NFL boxing mma and expand their offerings.

Also not a fan of them being so tight lipped on engagement metrics, only dropping that info once a year (from not showing subscriber count to hiding this metric is a shady way to avoid criticism)

One key point is Ad revenue is one of Netflix's real bright spots. 2025 came in at over $1.5B, up more than 2.5x year over year, and Netflix is guiding for roughly $3 billion in ads revenue in 2026 basically doubling again.

Feels like the moat is starting to erode, especially with so much competition out there. We've basically already gone through the whole cable to streaming transition at this point, so I'm not sure growth reaccelerates from here.