Netflix shares have fallen sharply this year as investors question whether the streaming leader can keep growing fast enough to justify its valuation. The stock is down 21% in 2026 and 42% over the past year.
The fall has come even as Netflix remains the world’s dominant paid streaming platform and continues to report higher revenue and profit. The issue for Wall Street is no longer whether Netflix is a strong company. It is whether the next phase of growth will be strong enough.
