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BreakingStocks

Netflix Q3 Revenue Climbs 12% Beating Earnings Estimates

First Detected: Oct 20, 2026, 9:04 PM
Last Update: about 1 hour ago
1 update

Event Summary

Netflix reported a 12% year-over-year increase in Q3 revenue, reaching $12.9 billion. Diluted earnings per share rose significantly from $0.59 to $0.87, surpassing initial guidance across all metrics. Despite these strong financial results, the company's shares fell 5.1% in after-hours trading immediately following the announcement.

Timeline

Latest developmentabout 16 hours ago

Netflix cuts advertising revenue forecast to $2.7 billion; shares fall

Netflix's quarterly earnings beat analysts' estimates, but its fourth-quarter earnings per share forecast fell short of consensus, while the company lowered its annual free cash flow target.

Read the full story

Key facts

  • Netflix Q3 revenue rose 12% year-over-year to reach $12.9 billion.
  • Diluted earnings per share jumped from $0.59 to $0.87, beating guidance across the board.
  • Netflix shares dropped 5.1% in after-hours trading immediately following the report release.