Here's what to expect when Netflix reports earnings after the bell

What happened

• Netflix’s third-quarter net income was $3.66 billion, or 87 cents per share, exceeding analyst estimates, while revenue was in line.
• Third-quarter revenue rose 11.8% year over year to $12.9 billion, the company’s slowest quarterly growth in three years.
• Netflix expects 2026 ad revenue of around $2.7 billion, below its previous roughly $3 billion forecast, and layoffs are expected to reduce fourth-quarter operating margin by about 120 basis points.

Why it matters

The results highlight slowing growth, weaker-than-expected advertising guidance and restructuring costs, making engagement, monetization and operating-margin trends important for media and technology investors.

What to watch. Netflix’s next updates on ad-product execution, engagement, the programming-unit overhaul and potential M&A.

Timeline

1. EarlierOct 19
   Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
2. First reported by CNBCOct 20
   Here's what to expect when Netflix reports earnings after the bell
3. Bloomberg reportsOct 20
   Netflix Sales Growth to Decline for Fourth Quarter in a Row
4. 8-K current reportOct 20
   Netflix Inc.: Results of operations
5. The Wall Street Journal reportsOct 20
   Netflix Revenue Growth Slows as It Overhauls Programming Units
6. Variety reportsOct 20
   Netflix Q3 Revenue Meets Wall Street Estimates, Q4 Earnings Will Be Crimped by Costs Associated With Mass Layoffs
7. Deadline reportsOct 20
   Skeptical Wall Street Dings Netflix On Soft Revenue Forecast
8. Techmeme reportsOct 20
   Netflix says it expects FY 2026 ad revenue of ~$2.7B, under its ~$3B forecast, and its Q4 operating margin will be impacted due to costs associated with layoffs (Todd Spangler/Variety)
9. MarketWatch reportsOct 20
   Netflix vows to revive viewership trends, but investors hit ‘sell’ on the stock
10. The Information reportsOct 20
    Netflix Revenue Growth Hits Three-Year Low
11. Semafor reportsOct 21
    Netflix grapples with slowing revenue growth

Who is involved

Sources (10)

1. CNBCOct 20
   Here's what to expect when Netflix reports earnings after the bell
2. BloombergOct 20
   Netflix Sales Growth to Decline for Fourth Quarter in a Row
3. SEC EDGAROct 20
   Netflix Inc.: Results of operations
4. The Wall Street JournalOct 20
   Netflix Revenue Growth Slows as It Overhauls Programming Units
5. VarietyOct 20
   Netflix Q3 Revenue Meets Wall Street Estimates, Q4 Earnings Will Be Crimped by Costs Associated With Mass Layoffs
6. DeadlineOct 20
   Skeptical Wall Street Dings Netflix On Soft Revenue Forecast
7. TechmemeOct 20
   Netflix says it expects FY 2026 ad revenue of ~$2.7B, under its ~$3B forecast, and its Q4 operating margin will be impacted due to costs associated with layoffs (Todd Spangler/Variety)
8. MarketWatchOct 20
   Netflix vows to revive viewership trends, but investors hit ‘sell’ on the stock
9. The InformationOct 20
   Netflix Revenue Growth Hits Three-Year Low
10. SemaforOct 21
    Netflix grapples with slowing revenue growth

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