Netflix’s stock just collapsed to a 2-year low: Is the streaming giant’s ad business in trouble?

Shares in Netflix Inc. (Nasdaq: NFLX) have fallen to a more than a two-year low after the streaming giant posted its Q3 2026 results yesterday. Despite hitting Wall Street’s projected revenue target of nearly $12.9 billion for the quarter, an update on the company’s increasingly critical ad business dampened investor optimism, sinking the stock with it. Here’s what you need to know. What’s happened? Yesterday, Netflix announced its results for its third quarter of fiscal 2026. Un...