StocksMediumUpdated•Originally published 20 October 2026•Updated 20 October 2026•
1 min read
Netflix stock sinks 7% as Wall Street questions future growth
Key Facts
1Netflix shares fell 4% in after-hours trading following fourth-quarter revenue forecasts that missed analyst estimates.
2The company reported third-quarter earnings of 87 cents per share, beating the 82 cents expected by analysts.
3Third-quarter revenue reached $12.9 billion, up 12% year-over-year, matching Wall Street expectations.
Netflix shares fell 7% in after-hours trading as Wall Street analysts questioned the company's ability to jump-start future growth. Invezz reported that the decline deepened following fourth-quarter revenue forecasts that missed estimates, despite third-quarter earnings of 87 cents per share beating the expected 82 cents.
NFLX closed at $69.85 on October 19, 2026, before losses accelerated in late trading. The company is facing pressure after narrowing its full-year 2026 growth forecast to 13%, even as third-quarter revenue rose 12% year-over-year to reach $12.9 billion.