Netflix reports third-quarter results. Netflix stock falls 7.97 percent
Published on 10/21/2026 at 11:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRevenue guidance drives reaction
- Netflix posted USD 12.87 billion in third-quarter revenue on October 20, 2026.
- The company guided to USD 51.1 billion in 2026 revenue and USD 2.7 billion in advertising revenue.
- Netflix stock traded at EUR 57.27 at 11:32 a.m. CEST at Lang & Schwarz on October 21, 2026, 7.97 percent below the Xetra close of October 20, 2026.
- Wedbush cut its target from USD 105 to USD 90 on October 19, 2026.
Netflix, Inc. (US64110L1061) reported USD 12.87 billion in third-quarter revenue on October 20, 2026, while adjusted earnings per share reached USD 0.87 against USD 0.82 expected. The report also lowered the advertising revenue outlook, sending Netflix stock 7.97 percent below the October 20 Xetra close at Lang & Schwarz on October 21, 2026.
Revenue growth slows to 11.8 percent
According to CNBC, Netflix's third-quarter revenue rose 11.8 percent from USD 11.51 billion a year earlier to USD 12.87 billion. Net income increased from USD 2.55 billion to USD 3.66 billion, while operating margin reached 34.6 percent compared with 28.2 percent in the prior-year quarter.
The company guided to fourth-quarter revenue of USD 13.44 billion and full-year 2026 revenue of USD 51.1 billion, a 13 percent increase from 2025. Advertising revenue is now expected to reach USD 2.7 billion in 2026, below the previous USD 3.0 billion outlook, after a slower rollout of advertising capabilities.
What does the lower forecast mean?
The weaker advertising outlook is the clearest counterweight to the earnings beat. Netflix also faces a slower top-line trajectory: third-quarter growth of 11.8 percent compared with 17.2 percent in the year-earlier quarter. NBC News reported on October 20, 2026, that Netflix had also cut 1,000 jobs and reshuffled senior content leadership.
Three dated Netflix developments
On October 19, 2026, Yahoo Finance reported that Wedbush cut its Netflix target from USD 105 to USD 90. On October 20, Netflix reported USD 12.87 billion in third-quarter revenue. On October 20, the company guided to USD 51.1 billion in 2026 revenue and USD 2.7 billion in advertising revenue.
Stock trades below the Xetra close
Netflix stock was trading at EUR 57.27 at Lang & Schwarz on October 21, 2026 at 11:32 a.m. CEST. That was EUR 4.96, or 7.97 percent, below the Xetra close of October 20, 2026 at EUR 62.23. The move reflects the market's focus on slower revenue growth and the reduced advertising outlook, while the third-quarter earnings figures remained strong.
The further course of trading is shown by the continuously updated real-time quote of Netflix stock.
Netflix stock facts
- Company: Netflix, Inc.
- ISIN: US64110L1061
- Ticker: NFLX
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 21, 2026, 11:32 a.m. CEST): EUR 57.27
- Change versus Xetra close: minus 7.97 percent
- Xetra close (October 20, 2026): EUR 62.23
- Sector / Industry: Communication Services / Entertainment
Market context: Market report S&P 500.
