Netflix reports Oct 20 after tech's worst week since June. Will its shares close higher on Oct 21 than on Oct 20?
57% of users predicted NO — the community got this one right. 7 predictions cast.
Netflix reported third-quarter 2026 earnings after the market closed on Oct. 20. Shares, which had closed around $69.85 on Oct. 20, fell roughly 5% in the next session to close near $65.04 on Oct. 21, according to CNBC and Variety, touching a two-year low.
The decline came despite Netflix beating profit estimates, with diluted earnings per share of $0.87 versus the roughly $0.82 analysts expected. Investors focused instead on guidance: Netflix cut its full-year 2026 advertising-revenue forecast to about $2.7 billion from roughly $3 billion, citing a slower-than-expected ad-product rollout, and projected fourth-quarter EPS of $0.67, below the $0.73 analysts had expected.
CNBC reported that several analysts viewed the sell-off as an overreaction and recommended buying the dip, even as the stock extended a rough year for Netflix shares, which were already down sharply in 2026 heading into the report.
Predict Six's community leaned toward 'no' on this question, with only 43% expecting shares to close higher on Oct. 21 than on Oct. 20, in line with what actually happened.