Netflix profit jumps 44% as ad outlook weakens
Streaming giant Netflix (NFLX) reported third-quarter 2026 revenue of $12.87 billion and GAAP net income of $3.66 billion on October 20.
| Financial metric | Actual | Market estimate |
|---|---|---|
| Revenue | $12.874 billion | Approximately $12.9 billion |
| Revenue growth | +11.8% YoY | — |
| Net income (GAAP) | $3.664 billion | Not verified |
| Net income growth | +43.9% YoY | — |
| Diluted EPS (GAAP) | $0.87 | $0.82 |
| Adjusted EPS | Not separately reported | — |
| Operating income | $4.459 billion | Not verified |
| Operating margin | 34.6% | — |
| Free cash flow | $2.884 billion | Not verified |
| Q4 2026 revenue guidance | $13.442 billion | Not verified |
| Q4 2026 EPS guidance | $0.67 | $0.73 |
| FY2026 revenue guidance | $51.1 billion | Not verified |
| FY2026 advertising revenue outlook | Approximately $2.7 billion | Previous company forecast: $3 billion |
| FY2026 operating margin guidance | 31.5% | — |
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