Here's How Much Traders See Netflix Stock Moving After Earnings This Week

Netflix is set to report earnings after the closing bell Thursday, with the streaming giant’s stock seen potentially hitting its lowest point in nearly two years following the results. Current options pricing suggests traders expect Netflix ( NFLX ) shares could swing up to 7% in either direction by the end of the week. A move of that magnitude from Tuesday’s close could see shares slip as low as $68, which would be their lowest point since September 2024. The high end of that range could see shares rise close to $79.

Netflix shares have lost more than a fifth of their value since the start of the year amid some worries about its user engagement and a weaker-than-expected revenue outlook. The Wall Street Journal reported last week that Netflix is considering adding live channels to boost engagement, and is also weighing bundling its service with other streamers to help grow subscriber numbers.

A strong second-quarter report from Netflix could help improve sentiment around the streaming company’s stock, which has lost ground lately. JPMorgan analysts recently wrote that investors could focus on updates around Netflix’s subscriber churn following a price hike earlier this year, along with investments in its content, and potential future acquisitions after the company dropped its bid for Warner Bros. Discovery ( WBD ). Netflix is expected to report second-quarter revenue of $12.57 billion, up 13.5% year-over-year, along with earnings of 79 cents per share, up from 72 cents the sa...