Netflix reports third-quarter results on Tuesday
Analysts expect revenue of $13.14 billion and earnings of $0.84 per share.
Netflix, Inc. will report its third-quarter financial results on Tuesday, October 20, 2026, after the market close. The company confirmed the date in an investor relations announcement.
The consensus estimate projects third-quarter earnings per share of 0.84 USD and revenue of 13.14 billion USD. In the last four quarters, Netflix missed analyst earnings estimates in all four periods, by between 0.5% and 17.4%.
Netflix, Inc.: estimated vs. reported EPS
Per share, in USD. Oldest quarter first.
Source: Finnhub
Guidance and recent developments
MarketBeat separately compiled a consensus projection of 0.8210 USD for diluted earnings per share and 12.87 billion USD in revenue for the third quarter. Netflix management guidance targets revenue of 12.86 billion USD and an operating margin of 33.2% for the quarter.
Over the past month, Pershing Square, run by Bill Ackman, bought a 1 billion USD stake in Netflix on September 17. Wells Fargo downgraded the stock to Underweight on September 18 with a 57 USD target, and the shares fell 8.7% on September 22. HSBC cut its price target to 76 USD on September 22, while Deutsche Bank upgraded the stock to Buy on September 29 with a 95 USD target.
On October 9, Netflix announced plans to lay off about 5% of its workforce, potentially cutting up to 850 roles. On the same day, Netflix agreed to pay 200 million USD for broadcast rights to the 2027 Women's World Cup, bringing its total commitment across the 2027 and 2031 tournaments to 400 million USD.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
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