Key Stats for Netflix Stock
- Price change for Netflix stock in last 6 months: -32%
- $NFLX Stock Price as of Oct. 9: $70
- 52-Week High: $125
- $NFLX Stock Price Target: $93
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What Happened?
Netflix (NFLX) plans to cut about 5% of its workforce, Puck News reported Friday.
The announcement could come as early as next week, even as Netflix declined to comment.
The company had about 16,000 full-time employees at the end of last year. Notably, Netflix’s last major layoffs came in 2022.
It cut hundreds of jobs then, as growth slowed and it lost subscribers.
The streaming market is getting tougher as media companies consolidate.
YouTube is winning a bigger share of viewing and ad spending. At the same time, Netflix is pushing into advertising, live programming, and gaming to add new revenue sources.
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What the Market Is Telling Us About Netflix Stock
The report leaves a lot unsaid. Puck News did not say why Netflix is cutting jobs or which teams are affected.
The business itself looks healthy. In July, Netflix guided to 13% to 14% revenue growth for 2026. That is about $6 billion in added revenue. Management said it was on track to meet plan halfway through the year.
Netflix is also still spending on growth. It expects content spending to rise about 10% this year. On the Q2 call, executives said they are “primarily builders, not buyers.”
They also said they have no change in how they use their cash.
Shareholders are getting paid, too. Netflix repurchased $4.7 billion of its shares in Q2, its largest buyback quarter ever. About $27 billion remains on its authorization.
There is also room to grow. Netflix said it reaches under 45% of addressable households. It captures just 7% of addressable revenue and about 5% of global TV viewing.
So Netflix stock is balancing steady growth against a tougher market. A 5% cut would be a notable move for a company this size. Investors will want to see how deep the cuts go once Netflix announces them. Those details will matter most for Netflix stock.
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So what is Netflix stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
