🔴 Netflix is trading 5% down on October 21, 2026, after weaker Q4 profit outlook

Netflix is trading 5.26% down at $65.08 after its October 20 release, as weaker Q4 guidance weighs on shares.

• Third-quarter EPS beat expectations, but Q4 profit outlook fell short of analyst forecasts; projected revenue was $13.44 billion versus the cited $13.51 billion consensus estimate.
• Netflix cut its 2026 ad revenue estimate to about $2.7 billion from roughly $3 billion. Reuters and CNBC report these company-specific earnings factors—not broader market sentiment—are weighing on shares.