Historical replay · NFLXB/USD
Tokenised Netflix Dropped From $68.70 to $63.73 in One Quarter-Hour After Its Third-Quarter Report, Then Took Two Days to Climb Back to $67 (October 2026)
NFLXB, the tokenised Netflix share on Binance, fell 7.2% inside the first quarter-hour after the company's October 20, 2026 report. Earnings of $0.87 a share beat, revenue of $12.87 billion matched, but the 2026 advertising target was cut to $2.7 billion from $3 billion. The 20:00 UTC candle went from $68.72 to a low of $63.73 on 4,025 trades, more than three times the previous eight hours combined, and closed at $65.56. The low was tested twice more before the next open and held; the regular session on October 21 closed at $65.04, and October 22 ended at $67.05. Replay a guidance miss priced in fifteen minutes and repaired over two sessions.
Netflix went into its third-quarter report on Tuesday, October 20, 2026 as one of the weakest large technology stocks of the year: about $69 at the close and down roughly 27% since January, according to The Motley Fool. The token spent the regular session doing very little. It printed $70.66 in the 13:00 UTC hour, drifted to $68.53 in the 18:30 candle and closed the last regular quarter-hour, 19:45, at $68.70; no hour of the day traded more than $64,000, and the eight hours from 12:00 to 19:59 produced 1,138 trades in total.
The release crossed inside the 20:00 UTC quarter-hour. The headline numbers were acceptable: revenue of $12.87 billion, up 12% and in line with estimates, and earnings of $0.87 a share against roughly $0.82 expected. The guidance was not. Netflix pointed to about $13.4 billion of fourth-quarter revenue and $51.1 billion for 2026, which Deadline described as slightly below consensus and at the low end of the earlier range, and it cut its 2026 advertising revenue target to about $2.7 billion from about $3 billion because some new ad features were rolling out more slowly than planned. Deadline also reported that costs tied to a layoff of about 1,000 workers would weigh on margins. The candle opened at $68.72, touched $68.84, fell to $63.73, 7.2% below the 19:45 close, and closed at $65.56, down 4.6%, on $174,000 and 4,025 trades.
What followed was a slow argument rather than a second leg. The 20:15 and 20:30 candles held $65.42 to $65.46, the 20:45 candle slipped 1.15% to $64.71, 5.8% below the close, and the token then sat between $64.61 and $65.07 for the rest of the night. The Asian morning added a small push to $65.60 in the 03:00 UTC hour on $165,000; the European morning took it back, and the 11:00 hour and the 12:30 candle printed lows of $63.92 and $63.93, within twenty cents of the post-report low, without breaking it. At the New York open on October 21 the 13:15 candle traded $129,000 and 624 trades, the 13:30 candle rose 2.66% to $66.05 on 1,066 trades, and the 13:45 candle reached $67.16, 5.4% off the low. It did not last: the 14:00 candle fell 1.55% to $65.89 and the shares closed the session at $65.04, roughly 6% below the pre-report price, almost exactly where after-hours trading had put them. On October 22 the token climbed in two steps, 1.33% in the 13:00 hour and 1.13% in the 15:00 hour to $67.28, and the shares closed at $67.05, up 3.09%.
A useful exercise: stop the replay at 20:15 UTC on October 20 and write down where you think the regular session will close the next day. The first candle's close, $65.56, turned out to be within 1% of the answer; its low, $63.73, was the extreme that a thin after-hours book produced and that two later tests could not repeat; and the open-of-session rally to $67.16 was a third price, the one that disappeared fastest. Each of the three was real and tradeable for a few minutes. Only one of them was the market's verdict, and it was the least dramatic.