Netflix (NFLX) Stock Sinks 6% Even After an Earnings Beat. Here’s Why
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TLDR Netflix (NFLX) closed Tuesday at $68.69, down 1.66%, then fell about 6% in extended trading to $64.69. Q3 EPS was 87 cents versus 82 cents expected, and revenue of $12.87 billion matched estimates. Q4 revenue guidance of $13.44 billion came in below the $13.51 billion consensus. Netflix cut its 2026 ad revenue forecast to about $2.7 billion from $3 billion. The stock is down roughly 48% from its June 2025 record high and about 25% this year. Netflix (NFLX) stock closed Tuesday at $68.69, down 1.66%. It then fell about 6% in extended trading to $64.69 after the company reported earnings . Netflix, Inc., NFLX The streamer beat on profit but gave a fourth-quarter revenue outlook that fell short. Investors did not wait long to react.
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