Netflix shares fall about 6% after hours despite third-quarter earnings beat

Netflix shares fell about 6% after the close on 20 October 2026, despite third-quarter results that beat analyst estimates. Full-year 2026 revenue guidance, the company's own forecast, came in softer than expected, tied to advertising, according to Deadline. Co-CEO Ted Sarandos said "Our strategy is unchanged." Shares had already fallen more than 40% over the past year.