Netflix shares fall 6% as earnings call fails to ease growth concerns

TheWrap reported on October 20 that Netflix shares were down 6% after its earnings call failed to ease investor concerns about growth. The company narrowed its 2026 revenue forecast to $51.1 billion, the low end of its previous guidance, and lowered its ad revenue outlook to roughly $2.7 billion from $3 billion. Third-quarter profit topped expectations, but Netflix forecast slower fourth-quarter revenue growth.