Here’s How Much Traders Expect Netflix Stock to Move After Earnings Thursday

Netflix (NFLX) is scheduled to report earnings after the bell Thursday, with traders expecting shares could swing after the results. 

Current options pricing suggests traders anticipate Netflix stock could move about 6% or $70 in either direction Friday. A move of that scale would lift shares to just above $1320 at the high end, or leave them near $1,180 at the bottom end of that range, their lowest level since May.

Netflix shares lost about 1% Wednesday to close at $1,250.31. Still, the stock is up 40% in 2025 so far. 

Netflix’s stock has registered an average post-earnings move of 6% over the past four quarters, and risen in three of those instances. In April, shares rose a little over 1% after the streaming giant beat analysts’ expectations, thanks in part to higher subscription and ad revenues. Those results came shortly after Netflix executives reportedly said their goal is to double the company’s $39 billion in revenue last year by 2030.

Analysts are largely bullish on Netflix’s long-term outlook heading into the earnings report, and expect the streamer to report rising revenue and profits. Of 17 analysts tracked by Visible Alpha, 13 rate Netflix stock a “buy,” while just four give it a “hold.” Their average price target of about $1,330 is roughly 6% above the stock’s closing price on Wednesday.