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

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- Netflix stock is down roughly 25% in 2026 as the company approaches its Q3 earnings report
- Netflix faces questions on user engagement from Reuters ahead of its third-quarter results, while the WSJ floats the beaten-down shares as a potential 'Sleeper Hit' against The Hollywood Reporter's 'Not the Time to Chill' framing
Why it matters: With shares already off 25% in 2026 and user engagement flagged as a concern heading into the print, Netflix's quarterly results carry elevated stakes for a stock the WSJ frames as a potential 'Sleeper Hit' — meaning the report could either validate the contrarian bull case or deepen a year-long selloff.
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