Netflix Posts $3.66B Q3 Net Income as Results Land
NFLX is trading near its 52-week low of $65.08 (5.4% above the low).
Summary
Netflix reported third-quarter net income of $3.66B, per Dow Jones, up from $3.4B in Q2 2026, on revenue of $12.87B, an operating margin of 34.6%, operating income of $4.46B, free cash flow of $2.88B and net cash provided by operating activities of $3.16B. Consensus heading in was about $12.86B revenue and $0.82 EPS. The print lands after a rough stretch of headlines: roughly 1,000 job cuts (6% of staff), a narrowed 2026 revenue outlook of $51.0B-$51.4B, and a content leadership shakeup with Peter Rice replacing Bela Bajaria and film chief Dan Lin ousted Monday. The company also cut its FY26 free cash flow view to about $12B. The stock at $68.575 reflects a re-rated multiple after the P/E compressed from ~57 to ~23.
At the time of this announcement, NFLX was trading at $68.58 on NASDAQ in the Technology sector, with a market capitalization of approximately $286B. The 52-week trading range was $65.08 to $124.86. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.