Netflix reports 12% Q3 revenue growth and raises operating margin

Netflix reported third-quarter 2026 revenue of $12.9 billion, up 12% year over year, with net income of $3.7 billion, diluted EPS of $0.87 and a 34.6% operating margin, compared with 28.2% a year earlier. The company expects fourth-quarter revenue of $13.4 billion and full-year 2026 revenue of $51.1 billion with a 31.5% operating margin, while lowering its 2026 free cash flow forecast to approximately $12.0 billion and advertising revenue outlook to about $2.7 billion; Netflix also repurchased $4.8 billion of stock in Q3.