Netflix Inc.: Beat — EPS $0.87, Revenue $12.87B
Earnings BeatQ3 2026 · After-market
@trystockwhiz
Did Netflix Inc. (NFLX) beat earnings today?
Yes, Netflix Inc. (NFLX) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+6.10% surprise
$0.87Actual
Expected: $0.82
vs. year ago +49.0%
Total Revenue+0.03% surprise
$12.87BActual
Expected: $12.87B
vs. year ago +11.8%
Released Oct 20 · 4:03 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $12.87B | $11.51B | +11.8% |
| Revenue detail — reported lines | |||
| └─UCAN | $5.63B | $5.07B | +11.0% |
| └─EMEA | $4.11B | $3.70B | +11.0% |
| └─LATAM | $1.60B | $1.37B | +17.0% |
| └─APAC | $1.54B | $1.37B | +12.0% |
| Net Income | $3.66B | $2.55B | +43.9% |
| GAAP Basic EPS | $0.89 | $0.60 | +48.3% |
| GAAP Diluted EPS | $0.87 | $0.59 | +49.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Forecast | FY 2026 Outlook |
|---|---|---|
| Revenue | $13,442M (+11.5% YoY, +11% F/X neutral) | $51.1B (+13% YoY, +12% F/X neutral) |
| Operating Margin | 26.0% (~120 bps negative impact) | 31.5% (31.4% based on F/X rates as of January 1, 2026; ~30 bps negative impact) |
| Net Income | $2,787M | — |
| Diluted EPS | $0.67 | — |
| Ad Revenue | — | ~$2.7B (prev. ~$3B) |
| Free Cash Flow | — | ~$12.0B (prev. $12.5B) |
| Cash Content Spend to Amortization | — | ~1.1x |
Business Highlights
- ➤Q3 slate included The Last House, Facing El Chapo and an NFL game from Melbourne.
- ➤Plastic Beauty is on track to become Netflix’s most-viewed series ever in Japan.
- ➤The Secret Woman is trending to become Netflix’s most-viewed Danish title ever.
- ➤Netflix partnered with Take-Two to unveil a sneak peek of Grand Theft Auto VI.
- ➤New Disney licensing deal includes all five Ice Age films.
- ➤Launched TF1 partnership, adding French series, film, news and sports programming.
- ➤TF1 early metrics indicate incremental viewing in France.
- ➤Extended programmatic ad access through globally available CTV marketplace deals.
- ➤Secured ad-tech partnerships with MercadoLibre in LATAM and AdForm in EMEA.
- ➤Will introduce the advertising tier to 15 new countries in 2027.
- ➤India launched Lock Upp, Netflix’s first daily reality series.
- ➤Returned $4.8B through repurchases; $22.3B authorization capacity remains.
- ➤Completed a $1B bond deal to fund an upcoming Q4 debt maturity.
- ➤Q4 will feature Netflix’s largest quarterly live slate, including NFL and boxing events.