NEWEarnings
Netflix (NFLX) Profit Hits $13.65B, Stock Down 35% from High
Published on 8/29/2026

AI Summary
Summarized by AI from the source belowNetflix (NASDAQ:NFLX) reported a record net income of approximately $13.65 billion over the past four quarters, surpassing its previous annual record of $10.98 billion from 2025. Despite this profit, its stock has decreased by about 35% from a 52-week high of $126.71, currently trading near $82. The company's operating income also reached $14.4 billion, and it forecasts operating income growth of more than 20% this year. This situation presents a potential buying opportunity as the stock's reduced price may reflect the slower revenue growth forecasted for the year ahead.
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