Netflix slumps more than 5% on the stock market despite beating profit forecasts

FinanceInternationalEuronews.comOct 21, 2026, 12:56 AM35 s readAI summary

Netflix shares fell more than 5% after its quarterly results failed to dispel investor concerns about a possible slowdown in viewing hours and revenue growth. In its third quarter, the company reported $12.87 billion in revenue and $3.7 billion in net profit, above expectations. According to media reports, it will cut about 6% of its workforce, some 1,000 jobs, and has named Peter Rice as its new head of content.

In 35 seconds

Netflix fell more than 5% on the stock market after publishing its quarterly results.
It reported $12.87 billion in revenue and $3.7 billion in net profit, above expectations.
The company will cut about 6% of its workforce, some 1,000 jobs, according to media reports.

Read the full story at Euronews.com

IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.

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Netflix slumps more than 5% on the stock market despite beating profit forecasts

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IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day