Stock Market Today, Oct. 20: Netflix Q3 Revenue Rises 12% on Pricing Power

Netflix reported strong Q3 2026 results with 12% revenue growth to $12.9 billion and earnings per share jumping to $0.87, beating guidance. However, the stock fell 1.7% in regular trading and an additional 5.1% after hours as management issued muted Q4 guidance with slower revenue growth and lower profit margins due to seasonal effects and job cut impairment costs.