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Netflix reports Q3 earnings amid layoffs and growing streaming competition

Company Fundamentals
20 Oct 2026
CNBC
View Source
Neutral
Netflix reports Q3 earnings amid layoffs and growing streaming competition

Netflix is set to report its third-quarter earnings with analysts expecting earnings per share of 82 cents and revenue of $12.87 billion. The company recently laid off about 6% of its workforce and saw its Chief Content Officer depart as it faces stagnating viewership and rising competition from platforms like YouTube. Despite slower subscriber growth, Netflix's ad-supported tier helps maintain solid profits, and new advertising features aim to boost revenue. However, Netflix's stock has dropped about 40% over the past year, prompting executives to explore new growth strategies.

Netflix shares trade at USD 69.78 on Pluang as of Oct 20, 2026 23:11 WIB, close to their 52-week low of USD 67.06 and well below the 52-week high of USD 124.13. Despite a 1-day change of just -0.10%, the stock remains down about 40% from its peak over the past year. Pluang investors show strong interest with 89% buy orders and a typical hold time of 127 days, indicating a longer-term view amid the company's current challenges.

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