Netflix (NFLX) Stock Price Falls As Q3 Earnings Stir Valuation Doubts

Netflix just reminded investors why expectations matter more than slogans. The streaming giant came into Q3 2026 with a reputation for relentless profit expansion and a trailing P/E around 18x that looked restrained against peers. Then the fresh report hit, the stock fell about 5% on the day, and the story turned to whether recent margin strength is already fully priced in. The headline is simple. Netflix delivered roughly US$12.9b in Q3 revenue and basic earnings per share of about US$0.89,...