Netflix (NASDAQ: NFLX) stock jumped in early November 2025 after the company announced a 10-for-1 stock split. But since completing the split on Nov. 17, 2025, Netflix stock is down 37.9% as of market close on Oct. 20 -- which doesn't account for Netflix's post-earnings performance. Netflix is down 5.9% to $64.62 per share in after-hours trading as of 5:28 PM ET. If Netflix holds that price, it will mark a new two-year low. Here's why Netflix is falling in response to its third quarter 2026 report, and if the streaming service stock is a buy now. Image source: Netflix.
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