Netflix, Inc. (NFLX) declined 9.05 percent to $98.04, down $9.75 on Friday, even after reporting strong first-quarter results yesterday.
The stock is currently trading at $98.04, compared to its previous close of $107.79 on the Nasdaq. During the session, it hit a high of $98.74 and a low of $95.10, with trading volume reaching 64,341,297 shares, above its average volume of 48,404,173.
Netflix reported net income of $5.28 billion, or $1.23 per share, up from $2.89 billion, or $0.66 per share, a year earlier, while revenue rose 16 percent to $12.25 billion.
Profit was boosted by a $2.8 billion termination fee related to a Warner Bros. deal, which may have tempered investor sentiment. The company maintained its full-year 2026 outlook, projecting revenue of $50.7 billion to $51.7 billion and an operating margin of 31.5 percent. Netflix's 52-week range is $75.01 to $134.12.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.