1613 ET - Netflix narrowed its full-year revenue guidance, disappointing investors' hopes for a bump. The streaming company now forecasts revenue between $51 billion and $51.4 billion for the year, compared with a previous range of $50.7 billion to $51.7 billion. Analysts polled by FactSet project revenue of $51.38 billion, which is above the midpoint of Netflix's range. Prior to the results, BofA Securities analysts said Netflix could soothe the market's worries over slowing engagement, among other factors, by raising its guidance. "Given the recent pullback in shares, we believe investor sentiment remains muted and a beat and raise quarter could go a long way in assuaging several of these investor concerns," the analysts said in a note earlier this week. Netflix shares fall 5.9% to $69.99 in late trading. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

July 16, 2026 16:13 ET (20:13 GMT)

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