Netflix Stock Falls 9%

(RTTNews) - 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.