Netflix stock down 40% in a year despite earnings beat
The gist
Netflix shares fell 3.28% to $63.41 on Friday, down 40.2% over the past year.
Investors are split on whether the streaming leader is now cheap or still falling.
How it unfolded
- Feb 26, 2026Netflix shares rose nearly 10% in after-hours trading to more than $92 after the company declined to raise its offer for Warner Bros. Discovery.
- Jun 24, 2026Netflix stock hit its 52-week low and was down over 23% for the year.
- Jul 16, 2026Second-quarter results met Wall Street revenue and earnings estimates, but third-quarter guidance did not, and the stock dropped sharply after earnings.
Key terms
- after-hours trading
- Stock trading that takes place before the regular trading hours of a stock exchange open.
- S&P 500
- A stock market index tracking the performance of 500 large US companies listed on American exchanges.
Source: Wikipedia