Netflix is trading 6.26% down in pre-market at $64.40 after weaker advertising and revenue guidance.
- After October 20 earnings, third-quarter EPS beat estimates and revenue matched expectations; 2026 advertising revenue outlook was about $2.7 billion, down from roughly $3 billion.
- Fourth-quarter revenue guidance of $13.44 billion was below analyst expectations despite strong quarterly margins. CNBC attributed the extended-hours share decline to advertising and revenue guidance; shares fell further pre-market after the October 20 close at $68.69.