Disclosed is a light emitting device that is capable of reducing lateral leakage current and a driving voltage by improving a structure for connecting a plurality of stacks to one another in a structure using the plurality of stacks, and a light emitting display device including the same. The light emitting device includes a first electrode and a second electrode facing each other, a plurality of stacks provided between the first electrode and the second electrode, and a charge generation layer including an electron generation layer and a hole generation layer stacked between the stacks, wherein the electron generation layer contains a first host of Formula 1 and a metal dopant, and the hole generation layer contains a second host and an organic dopant.