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Netflix Stock Drops to 26-Month Low Despite Record Revenue

1 reports1 sources10/21/2026 updated

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Netflix shares fell to a 26-month low after the company lowered its 2026 advertising revenue target to $270 million from $300 million and guided fourth-quarter earnings per share below analyst expectations. Despite this, Netflix reported record third-quarter revenue of $12.87 billion, a 12% increase year-over-year, and beat earnings estimates with $0.87 per share. The stock decline reflects investor concern over revised growth targets rather than current performance.

Written with AI from the reporting · updated 10/21/2026

Latest developmentOct 22, 07:10
Netflix Stock Drops to 26-Month Low Despite Record Revenue and Beat Profit Estimates
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  1. 1Unclassified fact stationOct 22, 00:00recorded Oct 22, 07:14single source

    Netflix股价跌至26个月低位

    Read original source ↗ BeInCryptoReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Netflix
    Action：
    股价下跌
    Object：
    交易所交易
    Occurred (fact side)：
    Oct 22, 00:00
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 22, 07:10
    First seen (known side)：
    Oct 22, 07:14
    Fact stationSingle source · one-sided claim

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Oct 22
  1. BeInCryptoRelated fact: single source
    Netflix Stock Drops to 26-Month Low Despite Record Revenue and Beat Profit Estimates

    Report first recorded Oct 22, 07:14

    Netflix stock fell to $64.10 on Wednesday, its lowest since August 2024, largely due to a weaker fourth-quarter outlook; the company reported third-quarter EPS of $0.87, beating the $0.82 analyst expectation, while trailing 12-month revenue reached about $50 billion, a 20.4% compound annual growth rate since 2015. However, Netflix projected fourth-quarter EPS of $0.67, missing the $0.73 consensus, and lowered its 2026 advertising revenue target to about $2.7 billion from $3 billion, blaming a slower rollout of ad features; co-CEO Ted Sarandos admitted, "I know that we could do better."

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