← Markets

Netflix, Inc.

NFLX · NASDAQ

Market closed$68.95$-5.40 (-7.26%)After hours $69.08 · +0.18%

Key statistics

Previous close$74.35
Open$65.54
Day high$69.49
Day low$65.10
52-week high$126.71
52-week low$65.10
Market cap290.33B
Volume141.23M
Average volume40.98M
P/E ratio22.24
Forward P/E—
EPS3.10
Dividend yield0.00%

Market context

Why it moved

Netflix shares plunged after its Q2 2026 earnings report disappointed investors with a slight revenue miss, weaker-than-expected third-quarter guidance signaling the slowest revenue growth since late 2023, and a controversial decision to reduce the frequency of its viewer engagement disclosures — fueling concerns about slowing growth and declining transparency.

TruthsandnewsBaystreetInvestorsSimplywallFacebook

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Netflix tumbled over 7% — its worst single-day drop in over four years — after Thursday's post-close Q2 report delivered a narrow revenue miss ($12.56B vs. $12.58B est.) and Q3 guidance well below Wall Street expectations ($12.86B vs. $13.0B est.). Investor anxiety compounded around the company's decision to reduce engagement disclosures to an annual cadence, with BofA noting that softer UCAN revenue growth (up just 10% YoY, the slowest since Q1 2025) and reduced transparency "appear to be weighing on shares despite continued subscriber growth." A wave of analyst price target cuts followed — JPMorgan slashed its target to $85 from $118, Guggenheim to $75 from $120, Morgan Stanley to $83 from $90 — though most firms maintained constructive ratings, citing long-term opportunity in advertising, games, and content expansion. The stock is now down roughly 27% year-to-date and over 50% from its June 2025 peak, with shares stabilizing slightly in after-hours trading.

-7.2629

July 17, 2026Netflix plunged roughly 9% in after-hours trading after its Q2 earnings report delivered a guidance miss that overshadowed an in-line quarter. While Q2 revenue of $12.56B (+13% YoY) and EPS of $0.80 were roughly in line with estimates, investors were rattled by Q3 guidance of $12.86B in revenue and EPS of $0.82 — both below the $13.0B and $0.84 Wall Street expected. Adding to unease, Netflix announced it would cut its semi-annual viewing-hours report to once a year starting in 2027, continuing a trend of reducing transparency after dropping quarterly subscriber counts in 2025. The stock had already shed over 40% in the past 12 months amid M&A missteps and competition concerns.

0.9093

July 16, 2026Netflix closed essentially flat, holding near multi-year lows ahead of its highly anticipated Q2 earnings report after Thursday's close. Investor sentiment is cautious as the stock has shed roughly 20% year-to-date and trades 40%+ below its 2025 peak, weighed by concerns over slowing engagement, subscriber churn following a March price hike, and M&A missteps. Options traders are pricing in an ~8% post-earnings swing, while analysts remain broadly constructive — Morgan Stanley (overweight, $90 target) and Guggenheim (buy, $120) both see engagement fears as overblown relative to the company's strong fundamentals, including 91% FCF growth and a $31.8B buyback authorization. Q2 consensus stands at $0.79 EPS on $12.58B revenue.

0.204

July 15, 2026Netflix closed modestly lower ahead of its high-stakes Q2 earnings report on July 16, with the stock hovering near 52-week lows and down roughly 20% year-to-date. Multiple analysts adjusted targets today: Morgan Stanley maintained its Overweight but cut its price target to $90 from $115, citing engagement concerns as "largely overblown" while acknowledging a "tricky catalyst path," while Barclays trimmed its target to $85. Evercore flagged Netflix as a potential "beat-and-raise" candidate given depressed sentiment and intact fundamentals, as investors weigh strong FCF and a $25B buyback authorization against slowing engagement and the fallout from a failed Warner Bros. acquisition.

-0.4063

July 14, 2026Netflix closed modestly higher, outperforming a broadly weaker market — the S&P 500 fell amid U.S.-Iran tensions and an oil surge — as investors bought into the recent pullback ahead of its Thursday Q2 earnings report. Multiple analysts weighed in Monday, with Wedbush reiterating Outperform ($118 target) on expectations that ad revenue will roughly double to ~$3B in 2026, while Oppenheimer maintained Outperform but cut its target to $100, citing near-term monetization headwinds. The stock, down over 40% from its April highs and trading near four-year valuation lows, faces key questions around slowing user engagement, margin guidance, and whether its advertising-supported tier can offset growth pressures ahead of what Wall Street expects to be a pivotal report.

0.627

July 11, 2026Netflix fell nearly 3% to close at $73.37, hovering near its 52-week low of $70.86, after a Wall Street Journal report revealed the company is exploring live TV channels and bundling rival streaming services to combat weakening subscriber engagement — a disclosure that spooked investors ahead of Q2 earnings on July 16. The report, which surfaced Thursday after hours, signaled that Netflix's growth narrative may be under pressure, with conflicting analyst sentiment, heavy insider selling (~900K shares over 90 days), and concerns over slowing revenue growth all weighing on sentiment. Bulls counter that the stock trades at just ~21x forward earnings — well below its decade-average multiple — and point to record free cash flow, a rapidly scaling ad-supported tier targeting $3B in 2026, and potential sports rights (FIFA World Cup) as catalysts, with at least one Seeking Alpha analyst upgrading shares to Buy on the dip.

-2.7826

July 10, 2026Netflix closed essentially flat but slipped further in after-hours trading, falling an additional 1.23%, after a Wall Street Journal report revealed the company is exploring live TV channels and third-party streaming bundles amid signs of weakening subscriber engagement — a development that spooked investors already cautious ahead of Q2 earnings on July 16. The after-hours move compounds a broader narrative of concern: Netflix is down roughly 40% from its 2025 highs, Citigroup cut its price target to $100 from $115, and the company faces headwinds from slowing revenue growth, rising content costs, and structural competition from short-form content. Bulls counter that strong free cash flow, an expanding ad-supported tier targeting $3B in ad revenue for 2026, and a potential FIFA World Cup rights bid offer meaningful upside at current valuations.

-0.1588

July 9, 2026Netflix closed modestly lower amid a broad market risk-off session, as President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging and rattling equities. Investor focus remains squarely on the July 16 Q2 earnings report, with bulls pointing to a new short-form video content strategy — signing licensing deals with BuzzFeed, Condé Nast, Hearst, and others — and reported interest in bidding for 2030/2034 FIFA World Cup U.S. broadcast rights as evidence of expanding monetization levers. Bernstein trimmed its price target to $100 (from $110) while maintaining Outperform, reflecting caution ahead of earnings where EPS growth is expected to decelerate sharply to ~8% YoY even as ad revenue scales toward a $3B run rate.

-0.7745

The Hollywood Reporter · July 17, 2026Netflix Paid $587 Million for Ben Affleck’s AI CompanyThe Hollywood Reporter · July 17, 2026Netflix Stock Price Targets Tumble, But Wall Street Still Believes in Its Story – for Those With PatienceIndieWire · July 16, 2026Netflix Tries to Ease Worries About Engagement, Season 2 Drop Offs, Podcasts, and Free TiersVariety · July 16, 2026About 300 Netflix Titles Used Generative AI This Year, Company RevealsReuters · July 16, 2026Netflix earnings forecast disappoints Wall Street, shares tumbleCNBC · July 16, 2026Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updatesEngadget · July 16, 2026Netflix Says It's Already Used AI In 'Roughly 300' Titles This YearInvestopedia · April 16, 2026Investors Don't Like Netflix's Latest Outlook—Or the News that Reed Hastings Is Moving On
Benzinga · July 17, 2026Goldman Sachs Maintains Buy on Netflix, Lowers Price Target to $94
Benzinga · July 17, 2026Piper Sandler Maintains Overweight on Netflix, Lowers Price Target to $85
Benzinga · July 17, 2026JP Morgan Maintains Overweight on Netflix, Lowers Price Target to $85
Benzinga · July 17, 2026Morgan Stanley Maintains Overweight on Netflix, Lowers Price Target to $83
Benzinga · July 17, 2026Why Is Paramount Skydance Stock Falling on Friday?
Benzinga · July 17, 2026KGI Securities Downgrades Netflix to Neutral, Announces $75 Price Target
Mt Newswire · July 17, 2026Netflix Stock Drop Attributable to Engagement Reporting Shift, Soft US, Canada Revenue, BofA Says
Benzinga · July 17, 2026Netflix Stock At 52-Week Lows: Analysts Highlight ‘Significant’ Long-Term Opportunity

Peers

S&P 500SPX · $7,457.78-1.01%The Walt Disney CompanyDIS · $97.67-2.05%Amazon.com, Inc.AMZN · $247.23-1.06%Apple Inc.AAPL · $333.74+0.14%Alphabet Inc.GOOGL · $346.77-2.17%Comcast CorporationCMCSA · $23.79-1.29%Warner Bros. Discovery, Inc.WBD · $26.87-1.54%Paramount Skydance Corporation Class B Common StockPSKY · $8.75-4.27%Roku, Inc.ROKU · $144.43+0.42%Spotify Technology S.A.SPOT · $478.14+0.43%Live Nation Entertainment, Inc.LYV · $180.22+0.21%Fox CorporationFOX · $51.63+1.08%