Netflix Projects 2026 Revenue of $51.2 Billion Amid Stock Slump
Netflix projects 2026 revenue of $51.2 billion with 325 million subscribers, though its stock continues to underperform the S&P 500 index.
Netflix reported a subscriber base exceeding 325 million as of December 31, 2025, and projected its 2026 revenue will reach $51.2 billion. This represents significant scale growth compared to 2021, when the company recorded $29.7 billion in total sales.
Despite these financial gains, the company's stock performance has lagged behind the broader market. As of September 25, 2026, Netflix shares rose only 20% over the trailing five-year period, while the S&P 500 index climbed 73% during the same window. The stock currently trades 47% below its June 2025 peak and maintains a price-to-earnings ratio of 22.4.
Market analysts suggest that growth is likely to decelerate as the company reaches maturity in key markets and faces intense competition within the streaming industry.
