Netflix Stock Down 25% in 2026 Ahead of Q3 Earnings — SkimNews

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- Netflix stock is down roughly 25% in 2026 as the company's third-quarter earnings approach, according to Yahoo Finance, with Reuters noting Netflix faces fresh questions on user engagement ahead of the report.
- The Wall Street Journal takes a contrarian angle, arguing Netflix stock might be a "sleeper hit" — the one optimistic framing amid a cluster of cautious pre-earnings coverage from Yahoo Finance, Reuters, and Investopedia.
Why it matters: With Netflix already off 25% year-to-date, the Q3 print is the fulcrum: weaker engagement data could validate the bearish camp, while any surprise strength could let the WSJ's contrarian thesis catch fire and draw back the investors who've been sitting this year out.
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