Netflix Q4 Earnings Preview: Subscriber Growth vs. Market Skepticism
Netflix faces a pivotal moment as it prepares to report fourth-quarter earnings on January 20, 2026. Analysts project earnings per share of $0.55, a 28% year-over-year increase, with revenue expected to hit $12 billion. The streaming giant's performance will test whether flagship content like Stranger Things can offset broader market concerns.
Despite strong engagement from its ad-supported tier—which boasts the industry's lowest ad load—Netflix shares remain depressed. The stock trades 33% below its 52-week high, weighed down by legal challenges to its Warner Bros. Discovery acquisition and lingering questions about content sustainability. Options markets anticipate heightened volatility, pricing in a 7.78% post-earnings move.