Netflix beats on earnings, but a lighter outlook and lower ad forecast send shares down
Third-quarter profit topped estimates, yet fourth-quarter guidance and a lowered 2026 advertising target left investors cold.
Netflix did something on Tuesday that looks, at first glance, like a good day: it earned more than Wall Street expected. Then its shares fell anyway. The gap between those two facts is the whole story.
Start with the quarter itself. According to Netflix's results for the three months ended Sept. 30, released Oct. 20, 2026, revenue was $12.87 billion, up about 12% from a year earlier and roughly in line with analyst forecasts. Operating income came to $4.46 billion…
Keep reading for free.
You’ve read about 15% of this story. Join The Finvestex Brief — free — to unlock every story and archive edition in full, and get the next Brief at 8:45 a.m. ET.
Already subscribed? Enter your email above to unlock this browser.General market information for educational purposes — not investment advice. Figures come from the linked sources.