Netflix Stock Hits 26-Month Low, But Revenue Tells a Different Story

Netflix stock fell to $64.10 on Wednesday, its lowest level since August 2024. The streamer beat profit estimates, yet a weaker fourth-quarter outlook sent investors heading for the exit. The slide leaves shares roughly 50% below their mid-2025 record of $134.12. Yet Netflix’s trailing 12-month revenue has never been higher. Netflix Stock Beat on Profit, So Why Are Investors Selling? Third-quarter earnings per share (EPS) came in at $0.87, above the $0.82 analysts expected, according to Reuters . Revenue grew 12% to $12.87 billion, matching forecasts. However, guidance did the damage. Netflix projected fourth-quarter EPS of $0.67, short of the $0.73 consensus. The company also lowered its 2026 advertising revenue target to about $2.7 billion from $3 billion. Its shareholder letter blamed a slower rollout of ad features.

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