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Netflix posts third-quarter earnings beat, says viewer engagement remains ‘healthy’
The streaming company said profit topped estimates, but weaker ad sales and engagement led it to trim its 2026 forecast and cut about 1,000 jobs.
- Netflix reported third-quarter revenue of $12.87 billion and earnings per share of 87 cents, exceeding analysts’ average estimate of 82 cents.
- Netflix forecast fourth-quarter earnings below analysts’ expectations and lowered its 2026 advertising-revenue forecast to about $2.7 billion.
- Netflix cut about 6% of its workforce and changed its senior content leadership.
- Co-CEO Ted Sarandos said Netflix would focus on improving its programming and execution.
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Netflix loses pace of growth, shares fall - what losses can await streaming giant Netflix for the fourth time in a row predicts a slowdown in revenue growth, and its advertising business is <p>developing more slowly than expected. Since the beginning of the year, the company's shares have lost about a quarter of their value.</p>
·Kyiv, Ukraine
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The 10% cut in advertising revenue forecast has triggered the fall of their shares on Wednesday.
Coverage Details
Total News Sources234
Leaning Left34Leaning Right29Center50Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 30%
C 44%
R 26%
Factuality
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