StocksMediumUpdated×4•Originally published 20 October 2026•Updated 20 October 2026•
1 min read
Netflix beats Q3 profit estimates but lowers full-year cash flow target
Key Facts
1Analysts expect Netflix's third-quarter revenue to rise 11.8% to $12.87 billion.
2U.S. subscription cancellations rose 16.6% year on year during the third quarter, according to Apptopia.
3Netflix downloads in the United States and Canada fell 20% during the third quarter, according to Apptopia.
4Netflix forecast diluted earnings per share of $0.82, compared with $0.59 in the corresponding quarter.
5Netflix's ad-supported service reaches more than 250 million monthly active viewers worldwide.
Netflix reported third-quarter 2026 diluted earnings per share of $0.87, beating analyst estimates and the company's previous guidance of $0.82. Alongside the results, the company lowered its full-year free cash flow target to $12 billion and issued soft guidance for the fourth quarter.
The actual figures follow expectations of 11.8% revenue growth to $12.87 billion, which Reuters noted as the slowest expected third-quarter growth in 3 years. NFLX shares were trading amid these updates, following a second quarter where free cash flow reached $1.5 billion, down from $2.3 billion in the same period of 2025.