Netflix (NFLX) stock is down 37.9% since completing its 10-for-1 split on Nov. 17, 2025, as of the Oct. 20 close, and fell a further 5.9% to $64.62 in after-hours trading following its Q3 report. Revenue rose 11.8% year over year and operating margin widened from 28.2% to 34.6%, but the 2026 revenue forecast of $51.1 billion sits 0.2% below the prior midpoint. Netflix also cut its full-year ad revenue forecast to $2.7 billion from $3 billion due to a slower rollout of certain ad product capabilities. The article attributes the sell-off to slowing growth, competition from YouTube, and viewing shifting to mobile, with the stock trading at 17 times 2027 earnings.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Netflix Is Down 38 % Since Completing Its 10 - For - 1 Stock Split . Here Why the Sell - Off Is Worsening After Its Latest Earnings .
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