Netflix shares dropped due to declining viewer engagement and revenue growth.

Updated 2026-10-23 · told from many outlets at once

Netflix reported higher third-quarter revenue and operating profit in 2026, with global revenue reaching $12.87 billion. The company's operating profit rose by 37 percent, and shares fell amid concerns over slowing revenue growth. Netflix expects fourth-quarter sales to reach $13.44 billion.

Netflix plans to cut about 1,000 positions in various departments globally.

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