Netflix released the transcript of its fiscal Q2 2026 earnings interview attended by Co-CEOs Gregory K. Peters and Theodore A. Sarandos, CFO Spencer Adam Neumann, and IR head Spencer Wang.
The CFO guided Q3 revenue growth of 12% reported, 11% FX-neutral, driven by membership gains, pricing, and higher ads revenue.
Management forecast full-year revenue growth of 13% to 14% reported, about 12% FX-neutral, implying roughly $6 billion in incremental revenue.
The CFO cited “back half weighted” prior-year comparisons as a factor in quarterly growth choppiness, while tracking to the 2026 financial plan.
Peters said viewing hours are not a linear proxy for profit; live content is targeted at 5% of spend, about 1% of hours, yet drove 6 of 10 top sign-up days.
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