Netflix stock is down roughly 25% in 2026 as Q3 earnings loom

Netflix (NFLX) stock is down more than 25% this year ahead of reporting third quarter results after the bell on Tuesday. The company has already made two big moves since Wall Street started telling it what to fix last week, cutting staff and installing a new chief content officer. The stock closed Friday at about $70, down from $93.76 at the end of 2025 and roughly 35% below its mid-April high, after feeling pressure from concerns about waning viewership. Google's (GOOG, GOOGL) YouTube dominance in watch time and the growing number of live sports landing on services like Amazon (AMZN) Prime Video and Skydance's (SKYD) HBO Max are notable factors. (NFLX ) Go deeper with AlphaSpace 69.38 -1.15 (-1.64%) As of 10:13:12 AM EDT. Market Open.