Earnings$NFLX5:38 AM ET

Netflix stock drops 6.4% premarket after Q4 guidance miss overshadows earnings beat

By BORSA NewsroomPublished Oct 21, 2026, 5:38 AM EDTUpdated Oct 21, 2026, 5:39 AM EDT

Netflix beat Q3 estimates but guided Q4 revenue slightly below consensus. Stock fell 6.4% premarket. Wall Street concerned about slowing engagement and competition.

Sentimentbearish 20

Strongly bearish · 20 of 100

Impact70

medium · sector-wide

Confidence90%

high confidence · single wire

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WHAT WE KNOW

Q3 revenue $12.9B in line with estimates
Q4 revenue guidance $13.4B vs $13.5B consensus