Netflix (NFLX) reports third quarter results after the bell on Tuesday, and its stock is down more than 25% this year. 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. Both YouTube's (GOOG) dominance in watch time and the growing number of live sports landing on services like Amazon Prime Video (AMZN) and HBO Max (SKYD) are notable factors.
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