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Netflix shares plunge after revenue narrowly tops expectations

Netflix reported quarterly revenue of $12.25 billion, slightly above expectations, but its shares fell by more than 8%.

Published Apr 16, 2026, 6:52 PM EDT | WFMZZ

Netflix shares plummeted more than 8% after the streaming company reported quarterly revenue of $12.25 billion, a result that slightly exceeded analysts' expectations. Investors reacted negatively despite the modest beat on revenue.