Netflix Q3 2026 EPS tops estimate; outlook metrics are mixed
Updated
Summary
Netflix reported Q3 2026 EPS of $0.87, above the $0.82 estimate; revenue was $12.87 billion, matching estimates, while free cash flow of $2.88 billion missed the $3.22 billion estimate.
Netflix’s Q4 revenue, EPS, operating income and operating-margin outlooks are below estimates.
Fiscal-year revenue guidance is $51.1 billion versus prior guidance of $51 billion–$51.4 billion; revenue growth is +13% versus prior guidance of +13% to +14%.
Why it matters
Management said organizational changes enable investment in high-impact areas.